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Bank Earnings And Inflation Provide Relative Relief

Por: Forbes Business January 15, 2023

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Bank Earnings Were Almost Uniformly Better Than Expectedgetty Earnings season kicked off last week with 9 S&P 500 companies reporting and banks and financial companies dominating the total. The S&P 500 soared by almost 2.7% for the week. Consumer inflation (CPI) provided a spark, and bank earnings were generally better than expected. Bank shares rose 2.2%, and regional banks were over 1.5% higher last week. The pace and the breadth of the... + full article



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