First-quarter earnings season kicks off today with several Big Banks reporting their results: JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC). While all three of the major banks topped their earnings estimates, their stocks are showing mixed reactions.
Yahoo Finance’s Madison Mills joins the Morning Brief to break down the first wave of bank earnings, citing JPMorgan CEO Jamie Dimon’s outlook on the US economy and the significance of net interest income for banks amid higher for longer interest rates.
#bank #news #stockmarket
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