April 15 Earnings Release Stocks
(BAC) Bank of America Corporation reported strong Q1 2026 results, with revenue of $30.4 billion, up 7.2% year over year and exceeding expectations, and adjusted EPS of $1.11, beating analyst estimates of $1.02 by 8.9%; diluted EPS rose 25% year over year, net interest income increased 9%, return on tangible common equity reached 16%, and loans grew during the quarter.
(FHN) First Horizon Corporation reported strong Q1 2026 results, with earnings per share of $0.53, beating the consensus estimate of $0.49 and up from $0.42 a year earlier; revenue rose 6.2% year over year to $862 million, supported by 6% net interest income growth, adjusted ROTCE above 15%, and robust commercial and industrial (C&I) and commercial real estate (CRE) pipelines.
April 15 Earnings Release Stocks
(ASML) ASML Holding N.V. reported strong Q1 2026 results, with total net sales of €8.77 billion, up 13.2% year over year and within its prior guidance range, alongside net income of €2.76 billion and a gross margin of 53%; the company raised its full-year 2026 revenue outlook to €36–40 billion, expects Q2 revenue of €8.4–9.0 billion, and announced a total dividend of €7.50 per share while executing €1.1 billion in share buybacks.
(MS) Morgan Stanley reported strong Q1 2026 results, with revenue rising 16% year over year to $20.58 billion and non-GAAP EPS of $3.43, beating analysts’ estimates by 13.6%; the quarter featured record trading revenue, with advisory fees and wealth management revenue reaching all-time highs, a CET1 ratio of 15.1%, and the stock rising roughly 4.6–5% intra day.
GBP taking a hit on this poitical headline (below 1.3543 is an outside day)

Market Update
Correlations working against risk: Oil up, EURUSD and stocks down
Might be a reality check that the path to peace is not just a meeting (yet to be confirmed)
Oppostunity to run stops (e.g. below ERURUSD 1.1772)… US500 tested its former record high (NAS1200 dipped back below its former record high).so far limited follow through waiting for the next headline

NAS100 (NASDAQ) 1 HOUR
Breaking its former record high (26224) puts NAS100 in unchartered waters where resistance is a guess..
Ussing the “50” level. 26500 is the next pivotal resistance.
Otherwise, needs to hold above 26224 for a strong bid while only back below 25950 would indicate a pause and cool the risk..

US500 (SP500) 1 HOUR
When in unchartered waters, resistance is a guess so use the new high (7043) and the “50” level (7050) as initial levels. If broken, then 7080-00
If they hold, then upside slows but still keeps a bid while above 7000, stronger if above the former 7014 record high.
Below 7000 would cool the risk.

Guess who is offering advice and warning to Iran
Hegseth warns Iranian leaders to ‘choose wisely’ on deal with US: ‘We are locked and loaded’ Fox
…Hegseth was joined at Thursday’s briefing by Chairman of the Joint Chiefs of Staff Gen. Dan Caine and U.S. Central Command Commander Adm. Brad Cooper, who recently returned from the front lines.
Hegseth said Cooper is making sure the U.S. military “continues to implement an ironclad blockade and ensures that our forces are maximally postured to restart combat operations should this new Iranian regime choose poorly and not agree to a deal.”
US PRE-MARKET MOVERS: TSM, SCHW, ABT, PEP, PPG, QDEL, FLUT, GLW, FN, OKTA
ES +0.1% NQ +0.2% RTY unch

More from the article
The current disconnect between paper and physical Brent is as wide as it has ever been…
One explanation for this optimism is the widespread market belief – or hope – that Trump will avoid prolonging the conflict for fear of driving U.S. gasoline prices sharply higher…
But that optimism flies in the face of the reality on the ground – Middle East oil production and exports would take months, if not years, to recover to pre-war levels even once Hormuz is fully reopened….
This is from a Reuters article that said Dated Brent physical crude delivered to Northwrst Europe is trading at $120/bbl and North Sea Forties price hit almost $150 recently
LONDON – The Iran war has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That disconnect is forcing consumers, companies and policymakers to navigate without a reliable compass – and it could leave a lasting scar on the global economy….truncated
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