Banks earnings expected to reflect an economy that is reopening
By Mitchell Hartman
Spring corporate earnings season kicks off this week with a lot of reports from big banks, starting Wednesday with JPMorgan Chase, Wells Fargo and Goldman Sachs. …or starters, financial markets are riding high, and Karen Petrou at Federal Financial Analytics said that’s where banks make a lot of their money. Stocks have soared, companies are going public, “tech firms are launching new offerings, there’s a lot of fee income in that,” Petrou said. “And even the most risky borrowers are being supported in the corporate sector by ultra-low interest rates. Listen here: