Biggest Bank-Stock Rally Since 2021 Raises Bar for Earnings
- JPMorgan, BofA, Citigroup, Wells Fargo all report early Friday
- Slew of pressures likely to weigh on sector’s profits for 4Q
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Fresh off their best quarter since 2021, banks stocks are set for a high-stakes earnings showdown as Wall Street’s most influential executives give investors their latest take on the US economy.
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. kick off the reporting cycle for Corporate America on Friday, after a gauge of US bank stocks gained 23% last quarter, trouncing the broader market.