Tag Archives: Bank

Stock futures opened slightly higher Monday evening as investors looked ahead of a slew of earnings results from big banks Tuesday and later this week. Both the S&P 500 and Nasdaq erased earlier gains to close lower during Monday’s regular session. But each had advanced strongly earlier in the day, driven in part by hopes of a Covid-19 vaccine from Pfizer and BioNTech. The Dow closed higher, with a 4% rise in shares of Pfizer buoying the index. More roll-backs of reopening plans put a damper… Source link

Bank earnings could reveal ugly-looking loan portfolios for the second quarter, but the industry hopes to champion its investment banking and cost-cutting efforts to squeeze out earnings. Earnings season will kick off on Tuesday as JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) report earnings before the market bell, covering the large U.S. banks’ performances through the three-month period ended June 30.  “The upcoming [second quarter] earnings will be confusing, sloppy, and… Source link