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
Read More »Bank analysts warn of ‘confusing, sloppy, and shocking’ earnings as COVID-19 extends grip – Yahoo Finance
