Bank of America Corp. struck an optimistic tone Thursday, saying it is seeing early signs of a rebound amid an economy racked by the coronavirus. JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. played a somber note when they reported earnings earlier this week, warning that they expect the current recession to be worse than initially expected.

Source: Wall Street Journal July 16, 2020 11:07 UTC