Reported 2 days ago
The looming earnings season for major banks is marred by the largest decline in financial stocks since 2023 and a halt in dealmaking, following the announcement of new tariffs by President Trump. With significant drops in shares of key banks like JPMorgan Chase and Citigroup, and multiple IPOs postponed, analysts are concerned about how trade policies and potential recession impacts will influence financial guidance. The overall market context has shifted, leading to heightened caution among investors and bank executives ahead of earnings reports.
Source: YAHOO