Wall Street braces for earnings as big banks prepare to report—here's what five experts are watching

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

España Noticias Noticias

España Últimas Noticias,España Titulares

Big banks kick off earnings season on Friday, and experts are hoping to see them recover from late-2018 weakness in the stock market.

div > div.group > p:first-child"> Last quarter was softer than expected for most of the country's largest financial companies, which were still feeling the pain from the stock market's late-2018 sell-off. But this time, experts are cautiously optimistic on what the next quarter will bring.Sarat Sethi, managing partner at Douglas C.

"Two weeks ago, when everyone was freaking out about the yield curve inverting, ... the financials dropped 10% in five days. [The] S&P 500 was down 1%. That kind of underperformance in such a short period of time is very rare for the sector. Goldman [Sachs], when those periods [have] happened, has averaged a gain of 20% over the next three months, with gains 75% of the time. [It] trades at a much cheaper valuation to its peers.

Deutsche Bank's Binky Chadha, who is the firm's chief U.S. equity and global strategist, agrees with Link on the banks' recovery:

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Am I watching the weather channel ;)

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Delta's first-quarter earnings, revenue beat Wall Street expectationsInvestors were expecting a strong quarter from Delta, especially after it raised its earnings and revenue guidance last week.
Fuente: CNBC - 🏆 12. / 72 Leer más »

These stocks may bounce when there's a trade deal, Wall Street analysts sayAnalysts say these stocks could benefit from a trade deal There is no trade deal No deal. China will not keep it anyway. Good time to move the supply chain. Tariffs are taxes by government on consumers !
Fuente: CNBC - 🏆 12. / 72 Leer más »

Asia stocks set to open tepid following muted finish on Wall StreetStocks in Asia were set to see a tepid open following an overnight session that saw a muted finish for shares on Wall Street. You really think that exchange that you use is secured and safe. Aha sure :) Don’t think twice, keep your Assets secured, Get the Best Ledger Nano X at discounted price, Directly from Ledger. hm HENNES & MAURITZ GmbH möchte jemanden wie Sie einstellen! Sind Sie interessiert? $HM
Fuente: CNBC - 🏆 12. / 72 Leer más »