Kamis, 09 Juli 2020

What to expect as banks report earnings

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What to expect as banks report earnings: more loan pain but plenty of fee income

The largest U.S. banks will announce their second-quarter results next week. Investors should expect another big hit to earnings as banks set aside more money to cover expected loan losses. On the other hand, the big banks are also continuing to see a boost to fee income from elevated investment-banking and trading activity, even as the coronavirus crisis continues.

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