US major banks begin earnings releases as inflation data draws attention
JNJ Johnson & Johnson
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View chart & analysis → - 1JPMorgan, Goldman Sachs, Wells Fargo, and Citi will report third-quarter results on Tuesday.
- 2The combined market capitalization of the five major banks decreased by approximately $270 billion as of Friday's close.
- 3According to Truist Securities research, 35% of institutional investors expect bank stocks to outperform market returns.
So what's the key point?
Major US banks have begun announcing how much money they earned this quarter. About 35% of experts expect bank stocks to perform better than the overall market.
Source Yahoo Finance · View original ↗
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