JP Morgan, Wells Fargo, Citgroup and Bank of America have spots in this week’s watchlist as their earnings will drop this week.

Watchlist is a list of stocks that i will be keeping an eye on during the week. It is not a Buy/Sell/Hold recommendation. 

MTN Nigeria 

MTN Nigeria takes the first spot this week as the stock popped in anticipation of an increase in telecom tariffs. The stock gained 21% last week, opening at N200 and closing at N242. 

While there was a bit of sell pressure, the 100k rule meant that it closed Friday’s trading session flat. 

Depending on the news around tariffs, the stock could either pull back or rally this week.

Delta Airlines 

Delta Airlines gained 13.3% last week following better than expected Q4 2024 results. Though management was upbeat about 2025, i expect some of that momentum to pull back. 

Sunu Assurances 

Sunu Assurances was the worst performing stock last week. The stock fell by 36.5% to close at N7.30.

Sunu was the best performing stock last year, so a pull back of this magnitude at some point in time would have occurred. Things could go either way in the coming week. Meaning it could either go up or it could drop. 

JPM, Citigroup,  Blackrock, Wells Fargo, Goldman Sachs 

They all have a joint place in this week’s watchlist because they will all drop their most recent quarterly earnings on Wednesday

JP Morgan is the biggest bank by assets in the US. CEO Jamie Dimon is also quite vocal. So the earnings call i quite interesting. 

Citigroup had an analyst upgrade which i key into. We should hear more from the CEO about the slimfitting and turn around efforts. 

Wells Fargo is an equally significant bank in the US. The fourth largest by assets. 

  Blackrock is one of the biggest asset management firms in the world. 

TSMC, United Health, Bank of America, Morgan Stanley

The above have a joint place because they will drop their earnings on Thursday. 

TSMC is a major player in the chip/tech space which has been abuzz since last year. 

BOA (Bank of America) is the second largest in the US by assets. 

GTCO 

GTCO last week announced it had raised N209 billion of the circa N400 billion it was expecting from its public offer. We expect that in the coming days, the allotment details of the offer will be released. That should give some insight into the subscription pattern. 

Fidelity 

Fidelity Bank takes the last spot in view of what should be the impending release of the allotment details of its capital raise.