Both Netflix and JPMorgan left the lockdown with more customers, cash and competition. JPMorgan boss Jamie Dimon is doing small deals in new fields to help fend off rivals; Netflix’s leaders may want to follow his script, jennifersaba argues.
Netflix will report second-quarter earnings on July 20. The company is forecasting 1 million paid net subscriber additions compared with 10 million paid net subscriber additions in the same quarter last year.
JPMorgan on July 13 reported $3.78 of diluted earnings per share for the three months ending June 30, more than double the figure from a year earlier. The U.S. lender said it had spent $2.5 billion on technology and communications during the quarter.Gamers and visitors take a rest at the booth of Netflix during Europe's leading digital games fair Gamescom, which showcases the latest trends of the computer gaming scene in Cologne, Germany, August 21, 2019.
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