Bank Earnings: Expect Big Profits, But Buyer Beware

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Big U.S. banks are set to report record postcrisis profits for the third quarter, but underneath the blockbuster numbers are reasons for caution

 

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Tax cuts and bailouts for banks and poverty for Americans.

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As big bank earnings kick off, one top technician says it's time to fade the spaceFinancials were on the rise Monday after Citigroup kicked off earnings season. According to one top technician there's something in the charts suggesting the gains may be a head fake as a number of other big bank names also gear up to report. tradnews_ BITCOIN
La source: CNBC - 🏆 12. / 72 Lire la suite »

U.S. stock market looks set to halt multiday stumble as big bank earnings get under wayU.S. stocks on Tuesday are poised to snap a two-session skid as investors appeared to focus on hope that China would do more to buoy its flagging economy. Wall Street also was awaiting earnings from a number of key banks, a key Brexit vote that could cause some friction in domestic markets.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Bank stocks could see big moves into earnings, but don't chase them just yetSome of the biggest bank names are set to report earnings next week, and traders are making big bets ahead of those reports. Blue Line Futures' Bill Baruch and Susquehanna's Stacey Gilbert debate top picks in the sector. Why did you put Eric Cantor on my TV? Why can’t we stay out of politics CNBC? I’m here to get financial advice not listen to a politician. $BAC uck Waiting patiently. There was a time the market couldn’t rally without the banks leading.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Big banks to kick off earnings season this week, but reports may not boost their stocksWill the third-quarter earnings season prove the charm for bank stocks, which have lagged behind other sectors and the main benchmarks this year? Probably not, according to analysts previewing the numbers, even though expectations for the sector have been scaled back since the quarter-end. 51YEAR OLD FEMALE SCHOOL ADMINISTRATOR, HAVING S...X WITH 17YEAR OLD HIGH SCHOOL FEMALE STUDENT GOES VIRAL MNGA
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Big banks report earnings this week — Here's what five experts say to expectJ.P. Morgan, Bank of America, Wells Fargo and Goldman Sachs are set to announce earnings this week amid U.S.-China trade tensions and economic uncertainty. Here's what five market experts are predicting for those financial institutions. The need for bitcoin and cryptos is what they need So now we're calling TV personalities 'experts'?
La source: CNBC - 🏆 12. / 72 Lire la suite »

Citigroup is up first as big banks kick off fourth-quarter earnings seasonThe fourth-quarter earnings season will kick off in earnest next week, starting Monday when Citigroup Inc. offers numbers from the first of the big U.S. banks. Earnings will look more like 👇🏿 Long bitcoin short the banks.
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Cramer: Morgan Stanley had the most disappointing earnings of the big banks — I'm 'confused''I hate to say it, but this was the most disappointing of all,' CNBC's Jim Cramer says. Confused on what he should think twice Watch Jim Cramer to clear your confusion
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