Banks Beat Expectations: Stocks Surge After Earnings

Big bank earnings beat expectations, sending stocks soaring and boosting investor confidence! JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs exceeded forecasts, fueled by strong trading and investment banking rebounds. Plus, hints from Fed Chair Powell about easing monetary policy added fuel to the fire, lifting smaller banks like Flagstar Financial and sparking interest in AI tech stocks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.