Business & Finance
Bank Stocks Mired in Correction as Yields Surge Before Earnings
Key Points
Bank Stocks Mired in Correction as Yields Surge Before Earnings Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades. Wall Street’s largest banks are expected to unveil a quarterly stock-trading haul of nearly $19 billion, according to analyst estimates compiled by Bloomberg. Meanwhile, lending is seen increasing...
Bank Stocks Mired in Correction as Yields Surge Before Earnings
Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.
Wall Street’s largest banks are expected to unveil a quarterly stock-trading haul of nearly $19 billion, according to analyst estimates compiled by Bloomberg. Meanwhile, lending is seen increasing year-over-year and credit quality is likely to hold steady, analysts expect.