Reported about 8 hours ago
As major banks like JPMorgan, Wells Fargo, and Bank of New York Mellon prepare to report their third-quarter earnings, Argus Research's Stephen Biggar discusses the positive outlook for the financial sector. He highlights that the easing of Federal Reserve rates may stimulate loan growth, relieve pressure on deposit costs, and improve profitability without significantly impacting net interest margins. Despite concerns about the economy, he anticipates a better performance for banks in the upcoming months, particularly favoring stock picks like JPMorgan and Morgan Stanley.
Source: YAHOO