Banks kicked off the earnings season with mostly bullish results and commentary. The earnings season started off strong with some positive results from the big banks which all blew away analyst estimates. However it was earnings results from another sector’s constituent on Thursday that drove markets. One major thesis leading into this earnings season was that lowered sell-side estimates heading into reports would lead to bigger beats and happier investors. Wall Street Horizon is the trademark of Wall Street Horizon, Inc. All other trademarks used in this publication are the property of their respective owners.

Source: Wall Street Journal October 18, 2024 14:03 UTC