Marcin Frąckiewicz

Key Facts: JD.com’s U.S.-listed ADRs closed near $33 on Oct 31benzinga.com. 2025 has seen robust sales growth – Q4’24 revenue jumped 13.4% YoY to RMB347 billionreuters.com, Q1’25 grew 15.8% to RMB301.1 billionglobenewswire.com, and Q2’25 hit RMB356.7 billion (+22.4% YoY)jdcorporateblog.com. Margins and profits improved (net income surged in Q4’24 and Q1’25reuters.comglobenewswire.com). Management has returned cash to shareholders, buying back $1.5 billion of stock in Q1globenewswire.com. Analysts are generally bullish – the consensus 12‑month target is about $42 (implying ~25–30% upside)benzinga.com – although some caution that aggressive discounting (in instant delivery, food, etc.) is squeezing profitsreuters.comreuters.com. Geopolitical winds have shifted: a recent Trump–Xi “trade truce” agreed

In summary, Bank of America’s stock is trading near record levels after a very strong quarter. The bank’s improved earnings outlook (boosted by high interest rates and dealmaking) and shareholder-friendly moves (dividend raise, big buybacks) have analysts confident. With the Fed on pause and some cuts likely, loan growth should stay robust, though investors will watch credit trends and valuations. As TS2 analyst Marcin Frąckiewicz observes, “Morgan Stanley [now] put [a] target of $67 [on BAC], Barclays $59, Evercore $57, [and] Citi $62” based on the quarter’s momentumts2.tech. BofA stock is essentially priced for continued success, so any economic hiccups

Recent Performance and Q3 Financials Mastercard (NYSE: MA) has been trading in the mid-$550s heading into the holiday season. By Oct 22 it was ~$570ts2.tech, and it closed Friday (Oct 31) near $552.6marketbeat.com. The stock remains near all-time highs (~$599 in Aug)ts2.tech, buoyed by strong earnings and positive news flow. Over the past year MA is up ~+8.7%marketbeat.com, roughly in line with the S&P 500. The catalyst has been impressive third-quarter results. On Oct 30, Mastercard reported Q3 revenue of $8.60 billion (up 17% YoY) and adjusted EPS of $4.38ts2.tech. This handily beat Wall Street’s ~$4.32 estimatets2.tech. Net profit was

JPMorgan Snapshot: Price, Performance & Returns JPMorgan’s stock has been one of the market’s top performers in 2025. Over the past 12 months it’s jumped nearly 38%barchart.com, far outpacing the S&P 500 and sector peers. This year alone (Jan–Oct 2025) it’s up ~29.1%, versus ~16% for the S&Pbarchart.com. As of Oct. 31 the shares traded around $311.12stockinvest.us. With a market cap ~850 billionbarchart.com, JPMorgan remains the largest US bank. The firm boasts strong fundamentals. It just announced a higher dividend ($1.50 per quarter) and a $50 billion buybackjpmorganchase.com – moves that underpin its shareholder-friendly policies. (For context, JPM’s dividend yield is modest

Q1 Results: Resilient Core Demand (Beauty & Grooming Drive Growth) P&G’s latest quarter beat expectations on nearly every metric. The $22.39B net sales (up 3% YoY) reflected a 2% organic gain, entirely from higher pricing and mixad-hoc-news.de. Reported EPS was $1.95 (+21% YoY), driven by last year’s heavy restructuring charges, while core EPS was $1.99 (+3%)pginvestor.comad-hoc-news.de. Beauty saw ~6% organic growth (premium skincare/skin-care innovations led the way) and Grooming ~5% growthts2.techad-hoc-news.de. By contrast, Fabric/Home Care and Health Care were flat or down slightly on weak volume and heavier discountingad-hoc-news.de. P&G attributed the beat to “strong execution of our integrated strategy”pginvestor.com