Bank earnings: Industry going to report profitability challenges, reporter says

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Big bank earnings are set to kick off Friday, October 13 with Citigroup (C), JPMorgan Chase & Co. (JPM), and Wells Fargo & Company (WFC) among the companies ...

“The problem deposits-wise for banks is how much they’re paying for those deposits,” Rocha notes. “There’s more competition among banks to pay more to depositors... That pressure is still continuing… that pressure won’t really die down until maybe the Fed starts cutting rates, and that... date seems to be getting pushed further and further ahead.”This is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock.

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