Here’s Why Big Bank Stocks Like JPMorgan Are Struggling Despite Solid Earnings

Shares of several major banks tanked on Friday—even after reporting solid quarterly earnings—as reports underwhelmed investors and some firms warned about rising expenses and “inflationary pressures,” which could impact future profits.Shares of JPMorgan Chase, the largest U.S. bank by assets, lost nearly 6% on Friday, despite beating profit and revenue estimates.

Shares of Citigroup similarly fell over 2% after reporting solid revenue and profit numbers, as investors were particularly alarmed by the bank’s steep drop in profits.

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Dow drops 200 points Friday as bank stocks get hit, market posts second losing week to start 2022Major bank stocks declined after their earnings reports on Friday, weighing on the U.S. markets. The Dow fell 0.56%. The S&P 500 rose 0.08%. The Nasdaq gained 0.59%. catch up day
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JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expectsAnalysts have pointed to a lending rebound in the fourth quarter, driven by demand from corporations and credit card borrowers.
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Stock futures are flat ahead of major bank earningsU.S. stock index futures were little changed during overnight trading on Thursday.
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