erienewsnow.com 09 Jan, 2022 14:45 am

Big banks are booming. Now here come earnings - Erie News Now

Big banks are booming. Now here come earnings - Erie News Now
By Paul R. La Monica, CNN Business

The Invesco KBW Bank ETF, which has Bank of America, Wells Fargo, JPMorgan Chase, US Bancorp and Citigroup as its top holdings, is up more than 8% already this year and has gained more than 19% in the past six months.JPMorgan Chase, Citi and Wells Fargo will tell investors how they did during the fourth quarter and what to expect in 2022 when they report earnings on Friday.Analysts are predicting that JPMorgan Chase's earnings per share soared nearly 70% in 2021.Several top Wall Street firms, including JPMorgan Chase, Goldman Sachs and BlackRock, have delayed plans to have their workers return to their trading floors, despite pressure from Eric Adams, the new mayor of New York City, to get people back into Big Apple offices.

Investors will also be curious to hear what JPMorgan Chase CEO Jamie Dimon and other top bank execs have to say about the recent spike in long-term bond yields.of Michigan); JPMorgan Chase, Citigroup, Wells Fargo and BlackRock earnings The-CNN-Wire ™ & © 2022 Cable News Network, Inc.

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