Weekly equities forecast: US banks earnings - JP Morgan, Bank of America, Goldman Sachs
This week, earning season kicks off with US banks
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This week, earning season kicks off with US banks
US banks kick off Q2 earnings season this week, with JP Morgan, Wells Fargo, and Citigroup due to report on Friday, July 12th.
The better-than-expected performance from US Q3 banks’ earnings often paves the way for some encouraging numbers from UK banks. While NatWest, Lloyds, and HSBC are expected to post a year-on-year rise in pretax profit, Barclays is forecast to post a decline. Here we take a look at what to watch.
US stocks are heading for a higher start as investors mull over the first round of banks Q3 earnings, where JP Morgan and Wells Fargo beat estimates. Still some caution remains after yesterday's stronger than expected inflation data and as oil jumps 4%. Attention will now turn towards US Michigan consumer sentiment, which is forecast to fall modestly.
Bleaker economic prospects are weighing on the outlook for US banks, but have markets already priced this in?
UK banks are set to report Q2 results. Here we take a look at what to expect from Barclays, HSBC, Lloyds and NatWest.
GBP/USD rises ahead of US GDP. FTSE struggles for direction, Barclays jumps.
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UK banks earnings start this week. Here we take a look at what to expect.
Banks are finding it hard to recover from the fallout caused by the collapse of Silicon Valley Bank and Signature Bank last month.
Markets have been rocked by the biggest banking crisis since the 2008 financial crash.
Indices drop, dragged lower by banking and energy stocks as oil prices tumble on recession worries and banking crisis fears ramp up.
US treasury secretary Janet Yellen has arguably stolen the show from the FOMC meeting, thanks to her comments on banking deposits which saw Wall Street slide into the close.
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