Big Banks Earnings Breakdown: Rotation in Finance Sector
Description
John Blank and Matt Maley break down bank earnings to ring in the 3Q earnings season. John notes that JPMorgan Chase (JPM) beat estimates, but by a smaller margin than usual, causing shares to sell off. On the other hand, he says Wells Fargo (WFC) may be convincing the Street that its troubles are behind it. Matt looks at Citigroup (C) “turning the corner” and names some of his favorites in the sector.
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