US Big Banks Face Decline in Q2 Profits as Earnings Season Begins
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#080c8e6b ver:2.8

US big banks face decline in Q2 profits as earnings season begins, with JPMorgan Chase, Citigroup, and Bank of New York Mellon reporting. Analysts expect JPMorgan to report a decline in profit due to deteriorating loans. Stock market valuations are high, creating an unattractive risk-to-reward profile. S&P 500 driven by Big Tech stocks, but broader range of constituents experiencing volatility. US economy shows resilience with cooling growth and easing inflation. Banks' Q2 earnings expected to vary, with Citigroup anticipated to have a solid quarter. Warren Buffett cautions against relying too heavily on adjusted earnings. #EarningsSeason #StockMarket #USBanks #BigTech #Economy...

#newstr #UsBigBanks #Q2Earnings #FinancialSector #RateCutExpectations #InvestmentBanking 

 https://here.news/story/080c8e6b?ver=2.8