Big banks post strong Q3 profits, but warn higher rates and inflation could bite
- Citigroup, Goldman Sachs, Wells Fargo, and JPMorgan Chase were scheduled to report third-quarter results, with earnings expected to grow about 10%.
- Investors were watching bank leaders’ comments on consumers, lending, higher oil prices, and bond yields.
- FactSet expected S&P 500 companies to report 29.6% third-quarter earnings growth.
- September inflation was expected to rise to 3.6%, while retail-sales growth was expected to slow.
259 Articles
259 Articles
Hot US inflation data dents Wall Street stocks
LONDON - A hotter-than-expected inflation reading dented Wall Street stocks on Wednesday, while the dollar and bond yields pushed higher as investors pencilled in a higher chance the US Federal Reserve would raise interest rates later this month.
Oskaloosa Herald
US futures mostly higher as Wall Street braces for latest consumer inflation report
U.S. futures are mostly higher as Wall Street braces for one of the last price reports the government will issue before the midterm elections. Consumer prices are forecast to have risen 3.6% in September compared with a year earlier, up…
Asia and Pacific grants contrasted despite the resumption of semiconductor securities. To affect high oil prices and caution in view of the inflation data in the United States that limited earnings. (ANSA)
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Nasdaq Slips as Chip Stocks Extend Losing Streak and Bank Earnings Deliver Mixed Results
Wall Street ended Tuesday slightly lower as semiconductor stocks continued their retreat, while mixed earnings from major banks and concerns about artificial intelligence spending weighed ... The post Nasdaq Slips as Chip Stocks Extend Losing Streak and Bank Earnings Deliver Mixed Results first appeared on [your]NEWS.
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