US banks kick off third quarter earnings season
This week marked the official start of earnings season with major US banks reporting quarterly earnings. JP Morgan Chase led the banking sector higher as the bank posted record revenue for the quarter, beating analysts’ estimates. Both quarterly revenue and profits increased by 8% due to robust consumer banking operations. On the negative side, investors were disappointed with Goldman Sachs results as profits came in worse than expected. The bank reported a 26% decline in profit with the firm’s investing... Читать дальше...
