Flash News

TREE NEWS update: Enjie Co. announced it expects net profit attributable to shareholders of RMB 1.54 billion to 2.05 billion for the first three quarters of 2026, compared with a loss of RMB 86.32 million a year earlier, a swing of RMB 1.626 billion to 2.136 billion. Non-GAAP net profit is expected at RMB 1.57 billion to 2.07 billion. The company cited a continued upcycle in the lithium battery separator industry, rebounding separator prices, higher sales volumes and an increased share of high-margin products.

TREE NEWS reports: JPMorgan Chase CFO Barnum said the decline in FICC trading revenue is “normal ups and downs,” characterizing the move as routine volatility rather than a structural shift. The comment addresses the bank’s fixed income, currencies and commodities trading performance. No specific figures or time period were given.

TREE NEWS update: Lin Zhihui has resigned as chairman, director and legal representative of Chinese pharmaceutical firm Pien Tze Huang, citing a work adjustment. He also stepped down from the relevant special committees of the board. After his departure, Lin will hold no position at the company or any of its subsidiaries, the company said.

TREE NEWS reports: Citigroup reported third-quarter revenue of $23.85 billion, above the $23.72 billion market estimate. Earnings per share came in at $2.85. FICC sales and trading revenue was $4.39 billion versus an estimated $4.26 billion, while equities sales and trading revenue was $1.73 billion against an estimated $1.78 billion. Citigroup shares slipped slightly in pre-market trading.

TREE NEWS reports: Wells Fargo reported third-quarter net income rose 6.5% to $5.95 billion, or $1.87 per share, beating analysts’ adjusted estimate of $1.84. Revenue grew 2% to $21.9 billion. Credit loss provisions were $1 billion and net charge-offs $983 million, both better than Bloomberg-compiled analyst expectations. CEO Charlie Scharf said consumer and business clients remain in good shape despite mixed confidence and economic uncertainty.

TREE NEWS reports: JPMorgan Chase reported a 4% year-over-year decline in fixed-income trading revenue for its third fiscal quarter, the first drop in more than two years. Total trading revenue reached $10.3 billion, below analysts’ $10.5 billion estimate. CEO Jamie Dimon cited large fiscal deficits, sticky inflation, elevated asset prices, rising rates and geopolitical conditions as factors still shifting beneath the surface.

TREE NEWS reports: US major indexes closed higher in the week to October 9, with the S&P 500 up about 1.2% to 7,811.54 and the Dow up 0.9% to 51,654.95, while AI chip stocks fell as Nvidia dropped about 2.00% to $229.28 and AMD about 4.07% to $608.10. September CPI is due October 14, PPI and retail sales October 15, with JPMorgan and Goldman Sachs reporting October 13, and TSMC’s quarterly call on October 15.

TREE NEWS update: JPMorgan expects fourth-quarter net interest income of approximately $28 billion and full-year net interest income of about $106.2 billion, above the $105.28 billion market estimate. The bank also guided full-year adjusted expenses to roughly $108.6 billion, up from its prior outlook of about $107.5 billion.

TREE NEWS update: Transsion Holdings has fixed the final price of its H-share offering at HK$35.30 per share, the company said in a filing. The H shares are expected to list and begin trading on the Main Board of the Hong Kong Stock Exchange on Oct 15, 2026.

TREE NEWS update: Xiangtan Electric Manufacturing Co. said it expects attributable net profit of 10 million to 14 million yuan for the first three quarters of 2026, down 93.02% to 95.01% year on year, with non-recurring net profit at a loss of 20 million to 26 million yuan. The company attributed the decline to lower product gross margins on falling selling prices and higher copper and silver raw material costs, along with increased R&D spending and reduced policy subsidies.

TREE NEWS update: Xinyuren said it and its actual controller Yang Zhiming received a case-filing notice from the China Securities Regulatory Commission on October 13, 2026, over suspected violations of information disclosure laws. The CSRC has opened a formal investigation into the company and Yang. Xinyuren said its operations and business are running normally and that it will actively cooperate with the regulator.

TREE NEWS update: CATL said it will commit 400 million yuan as a limited partner in Shanghai Shidai Chenyuan Venture Capital Partnership, taking a 26.64% subscribed share of the fund. The fund’s total subscribed capital is 1.502 billion yuan, targeting new energy and future energy, the intersection of AI and digital technology with energy and power, artificial intelligence, and future industries. The investment is not a related-party transaction or major asset restructuring.

TREE NEWS reports: JPMorgan reported third-quarter adjusted revenue of $50.91 billion, below the $51.37 billion market estimate. EPS came in at $5.57, or $5.75 adjusted, while FICC sales and trading revenue was $5.37 billion against a $6 billion forecast. Equities sales and trading revenue reached $4.95 billion, beating the $4.47 billion estimate. JPMorgan shares fell nearly 3% in premarket trading.

TREE NEWS update: Jio Platforms’ initial public offering has attracted more than $20 billion in subscriptions, the Indian telecom operator’s listing drawing demand well beyond the deal size. The figure covers bids placed for the IPO, which marks one of India’s largest share sales. No pricing or listing date was given in the material.

TREE NEWS reports: Wells Fargo reported third-quarter revenue of $21.87 billion, below the $22.31 billion market estimate, with earnings per share of $1.87. Net interest income came in at $12.52 billion, also short of the $12.59 billion consensus. The bank’s shares edged higher in pre-market trading.

TREE NEWS update: Metaplanet plans to issue $329 million in zero-interest convertible bonds with a five-year maturity, aimed at improving its debt structure and reducing reliance on Bitcoin-collateralized loans without selling its holdings. The Tokyo-listed Bitcoin treasury company said the bonds will also fund share buybacks and repay existing debt.

TREE NEWS update: Johnson & Johnson reported third-quarter sales of $25.40 billion, matching the $25.4 billion estimate, with adjusted earnings per share of $2.59 versus $2.52 expected. The company guided full-year sales to $101.0–101.4 billion, against a market estimate of $101.24 billion, and raised full-year adjusted EPS guidance to $11.05–11.15 from $10.96–11.11. J&J shares fell nearly 1% in US premarket trading.

TREE NEWS update: Inspur Information said it expects net profit attributable to shareholders of RMB 3.80-4.10 billion for the first three quarters of 2026, up 156.40%-176.64% year on year. The company attributed the gain to rapid growth in the AI industry and strong server demand, alongside an expanded product line and higher value-added products.

TREE NEWS update: Metaplanet plans to raise ¥52 billion through a bond sale, using the proceeds to replace some Bitcoin-collateralized borrowing with unsecured debt and to fund up to ¥28.3 billion in share repurchases. The Tokyo-listed Bitcoin treasury company is restructuring its debt away from crypto-backed loans toward unsecured borrowing.

TREE NEWS update: Domino’s Pizza reported third-quarter revenue of $1.19 billion, topping analysts’ estimate of $1.17 billion. The pizza chain’s quarterly top line came in ahead of consensus, though no profit figures or same-store sales were disclosed in the release. The results cover the quarter ended September 2025.