Reported about 21 hours ago
Wall Street banks are facing a critical earnings season as they grapple with disappointing results from Jefferies Financial Group and a strong jobs report that heightened inflation concerns. Investor hopes for a repeat of last year's strong performance are dampened by the Federal Reserve's cautious stance on interest rate cuts and macroeconomic pressures. Major banks like Citigroup and JPMorgan will report their fourth-quarter results soon, with analysts expecting mixed results, as optimism hinges on potential revenue growth against rising expenses amid an uncertain financial landscape.
Source: YAHOO