Earnings: JPMorgan Chase, Wells Fargo And Citigroup Report Tomorrow - News Summed Up

Earnings: JPMorgan Chase, Wells Fargo And Citigroup Report Tomorrow


While there’s been a lot of talk about the future of interest rates, only a few analysts are talking about consumer expectations regarding interest rates and how that could potentially impact lenders. With interest rates not that far from historic lows, there is an expectation they will rise at some point in the future—by how much or when is the big unknown. Some might think that if consumers are worried interest rates are going to rise quickly, they could decide to make larger purchases sooner to lock in current interest rates. In recent months, several major banks raised their earnings guidance citing anticipated improvements in net interest margins. C is expected to report $1.24 earnings-per-share, or EPS, on revenue of $17.81 billion, according to consensus third-party analysts.


Source: Forbes April 12, 2017 15:56 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */