Reported 1 day ago
Investor optimism for US banks is set to be tested as the fourth quarter earnings season approaches. Major banks, like JPMorgan Chase and Bank of America, are expected to report profit increases for 2024, but some may also reveal declines compared to the prior quarter. Analysts are closely watching for insights on the economic outlook given inflation uncertainties and potential changes in interest rates, which could significantly impact bank revenues and lending practices in the upcoming year.
Source: YAHOO