A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. We’ll get a better sense this week when several top financial firms and consumer companies report third-quarter earnings. Asset management giant and iShares owner BlackRock\n \n is due to report Thursday. JPMorgan Chase\n \n , Wells Fargo\n \n , Citigroup\n \n and Morgan Stanley\n \n are just a few of the several top banks set to release results on Friday.
” Still, there should be some bright spots from this batch of earnings. The banks should get a continued boost from rising interest rates, which makes lending more profitable. And unlike Europe, where investors are worried about problems at Credit Suisse\n \n and Deutsche Bank\n \n , the top US firms don’t appear to be showing signs of financial strain. “Bank balance sheets and capital positions both remain in solid shape,” said KBW analyst David Konrad in a bank earnings preview report.
Thanks Joe Biden and the Democrats in Washington!!!
We’ve been in a recession for over 2 months
Face it, you won't be satisfied until there is recession.
Misleading headline as we are already in a recession
Starting?
We are in a recession. Admit it already.
I've gone through two prior inflation periods both had republicans Potus. Corporations raised prices across the board that set off inflation. Recession did not occur after so what is different now?
Lol, always catching up
We are already in a recession, you refuse to acknowledge it.
Stop complaining the entire world is in problems about inflation etc. Ofcourse CNN has to blow it up CNN and Fox News should be banned from TV network
We’ve been in a recession thx to Biden.
They’ve help cause it through corporate greed…..driving inflation…… and central banks nailing consumers and the middle class for it! Forcing them into losing homes….and then people say FK you….I’m not going to spend money = recession!
A possible one? You mean the one we are already in that only the water-carriers for Biden are pretending we aren’t in? That one?
The pursuit of profits has always been the core of inflation
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