Article: to be added
We got some bank earnings today.
I Have not looked that deep into it yet. Apparently, the results were relatively good, but the guidance was weaker than expected, and the tone was more cautious. The reason their stock prices were lower today.
I think is mostly that expectations are very high currently.
Bank earnings summary:
- JPM: EPS $4.44 vs $4.11 est, Rev $42.55B vs $41.85B est
- WFC: EPS $1.26 vs $1.11 est, Rev $20.86B vs $20.20B est
- Citi: EPS $1.86 vs $1.23 est, Rev $21.1B vs $20.4B est
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