Earnings Season for Banks is here and the results can go either way
"Smaller banks are still facing many of the same conditions that led to SVB's failure earlier this year. Not a lot of optimism on that front," say @LJMoynihan ahead of $JPM, $C and $WFC's earnings tomorrow.
Banks prove themselves sturdy in the face of severe recession scenarios in Fed’s annual stress test. Prices soar as investors gain confidence; buzz of buyback & dividends take over. Read on to find out how politicians were preparing for these results. capitoltrades.com/articles/bank-…
The results of a recent stress test - which studied the response of 23 US Banks to a possible recession - came out positive for all.
But now that the industry's earnings season is here, not many people are too optimistic.
This mindset comes from the crisis earlier this year in which three of the biggest firms in the industry collapsed.