London 1. Banks report: JPMorgan Chase and Wells Fargo are set to report results before the opening bell.
Revenue is expected to be flat at JPMorgan Chase in the first quarter and down at Wells Fargo. Bank stocks have struggled this year, so any indication of a recovery later this year will be welcomed. Shares in JPMorgan Chase have increased 8.8% this year, less than the broader market. Wells Fargo's stock has gained only 3.6%.Wells Fargo's business has been hurt by rising legal fees, a tarnished reputation and tough sanctions from federal regulators.
Source: News Formal (newsformal.com)
ChristineRomans yup, Trump's got 'er going. man knows how to run a business don't he!? unlimited bank account, no loan ever denied, who cares if not enough dollars coming in to pay the bills, 'no his problem.' awww, America, the good life! a s**t-storm is brewing, and it's a category 5+
ChristineRomans Majority of budget deficit due to government spending & interest rate rise's impact on treasuries.
ChristineRomans Interesting, America is heading into another POTUS election cycle. The greatest threat continues to be the economy, especially the deficit, debt and interest on the debt. If America was a family of 4, America would be totally, irreversibly bankrupt. CONGRESS IS THE PROBLEM
ChristineRomans A deficit only means that the government got less money to fund the BS that doesn't affect anyone's life outside the beltway. For example, why are we spending millions of tax payer dollars on the Endowment of the Arts again?
ChristineRomans Opportunity Zones attracting private sector $$s revitalizing depressed areas. Prison Reform Act working; Right to Try giving patients hope; parents happy with tax credit doubling. unemployment lowest since 1969.
ChristineRomans I hope my blockbuster video stock is doing ok.
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