Wall Street Braces as Big Bank Earnings Kick Off: Are Markets in for a Surprise?
Banks Kick Off Earnings Season Amid Data Fog With traditional economic reports on hold due to the U.S. government shutdown, Wall Street is zeroing in on banks’ third-quarter results as a proxy for the economy’s pulse. Reuters notes that “investors will look to major banks’ quarterly earnings” to gauge growth, since other data have been interrupted reuters.com. Indeed, JPMorgan, Goldman Sachs, Wells Fargo and Citigroup are scheduled to unveil results this Tuesday (Oct. 14), followed by Bank of America and Morgan Stanley on Wednesday reuters.com. This cluster of big-bank reports effectively kicks off earnings season. Jim Cramer and other analysts have highlighted these financial results as especially important given the lack of
