Insight by FactSet

Insight by FactSet is a news service provided by financial analysts that curates comprehensive coverage on global economies and markets from various legitimate sources. The platform offers real-time news about companies, industries, and markets that users follow. The site covers topics such as earnings reports for different sectors, including banks and insurance, as well as economic indicators like the Consumer Price Index (CPI). While the content is generally unbiased and easy to understand, there have been instances of misleading statements and contradictions in some articles.

80%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This news site has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on its reporting.

Bias

100%

Examples:

No current examples available.

Conflicts of Interest

75%

Examples:

  • The about us mentions that the content is drafted by financial analysts and curated news is from a variety of legitimate sources.

Contradictions

92%

Examples:

  • Net interest income for JPMorgan is expected to rise by 6.5% to $23.2 billion, and the bank's Q2 margin would be slightly higher than last year's at 2.65%.
  • The Banks industry is expected to report a year-over-year decline in earnings of -10% and be the largest detractor to overall earnings growth for the sector.
  • The Financials sector is predicted to report a year-over-year earnings growth rate of 4.3% for Q2 2024.
  • The Insurance industry is expected to report a year-over-year earnings growth rate of 31% and be the largest contributor to overall earnings growth in the sector.
  • Wells Fargo is expected to see a 3.2% increase in earnings with a slight drop in total revenue, and a decrease in net interest income.

Deceptions

60%

Examples:

  • The author claims that if the median estimate for March 2024 is correct then it will mark the highest year-over-year increase since December 2023 (also 3.4%). However, this statement is misleading because there was a higher increase of 5.9% in January 2024.
  • The author states that last month's CPI increased by only 3.1%, but fails to mention that the median estimate for February was also lower than expected.

Recent Articles

  • Bank Earnings Season Kicks Off: JPMorgan, Citigroup, and Wells Fargo Preview; Net Interest Margins Expected to Improve in H2 2024

    Bank Earnings Season Kicks Off: JPMorgan, Citigroup, and Wells Fargo Preview; Net Interest Margins Expected to Improve in H2 2024

    Broke On: Thursday, 11 July 2024 JPMorgan Chase, Citigroup, and Wells Fargo kick off bank earnings season with projected net interest margin improvements and increased provisions for credit losses. The Financials sector anticipates over 40% of S&P 500 companies reporting Q2 earnings growth, except for Multi-line Insurance (-16%). The US Treasury's upcoming refunding update will impact bond supply and loan loss reserves.
  • March's Consumer Price Index Expected to Show Headline Inflation of 3.4% and Core Prices Rising by 3.7%

    March's Consumer Price Index Expected to Show Headline Inflation of 3.4% and Core Prices Rising by 3.7%

    Broke On: Friday, 15 March 2024 Inflation has been a persistent problem for the US economy, with prices increasing more than 20% overall since the start of the pandemic. On Wednesday, investors will digest one of the most important data points that will help determine whether or not interest rates should be cut later this year: March's Consumer Price Index (CPI). The CPI is expected to show headline inflation of 3.4%, an acceleration from February's annual gain in prices, according to estimates from Bloomberg. Higher energy costs, fueled by a jump in gas prices, are expected to have driven the increase.