Big Banks Report a Resilient US Economy | Presented by CME Group
Bank earnings can be a crucial indicator of the economy's trajectory and America's biggest banks are off to a steady start to earnings season. Results from JP Morgan, Wells Fargo, Black Rockck Bank of America and Morgan Stanley show, as expected, gains coming from trading activity and dealmaking. At the same time, blowout numbers mostly failed to materialize.Spending stayed solid while showing some signs of deceleration. Bank CEOs have been mostly upbeat in recent weeks, however. They've cited continued spe ...