Bank Earnings To Reflect Quick Economic Shifts
As the pandemic drags on, what does the new normal for banks look like? Investors are about to get some answers.
Big U.S. banks are set to unveil fourth-quarter results, with JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. slated to report Friday.
Banks in the S&P 500 are expected to report total profits of about $31.2 billion for the quarter, according to FactSet. That would mark a 2.4% decline from a year earlier.