W3Schools

Earnings Outlook: Bank earnings: Expect a weak quarter as hopes for a “Trump Bump” fizzle

Reuters
A Wells Fargo branch is seen in the Chicago suburb of Evanston,. on February 10, 2015.

Bank investors had good reason to cheer the results of the most recent Federal Reserve stress tests – but second-quarter earnings may be more sobering.

Citigroup C, -1.26% J.P. Morgan JPM, -0.67% and Wells Fargo WFC, -0.50% will report their earnings before the market opens on Friday, kicking off what could be just the latest in a long string of disappointing earnings seasons stretching back to the financial crisis.

Read:Fed stress tests show banks could withstand a deep downturn

>>> Original Source <<<

Comentários