Bank Earnings Take Stock Market Center Stage 10-15-19
Banks look to put earnings recession in reverse, but aren’t expected to succeed
Earnings Watch: JP Morgan and Goldman Sachs among seven Dow components expected to report this week as earnings season revs into gear after two straight quarters of decline
Goldman Sachs Stock in Trading Range Ahead of Earnings
The Goldman Sachs Group, Inc. (GS) ended 2018 with a “key reversal” day on Dec. 26. This occurred when the stock set its 52-week low of $151.70 and then closed that day at $162.93, above the Dec. 24 high of $160.00. This buy signal set the stage for gains as 2019 began.
JP Morgan is set to report third-quarter earnings — here’s what Wall Street expects
J.P. Morgan is the first major bank to report earnings. The biggest U.S. lender by assets is closely watched as a proxy for the health of the industry’s retail and investment banking businesses.
Citigroup stock bounces into positive territory, ahead of earnings
Shares of Citigroup Inc. C, +0.20% edged up 0.1% in seesaw morning trading Monday, a day before the bank is scheduled to report third-quarter results.
Citigroup has beat earnings expectations the past 18-straight quarters, but the stock has declined the day those beats were reported 11 times.
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