Banks Boost Stocks: Earnings Season Kicks Off Strong

Banking on Profits: Stocks surged as JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs crushed earnings expectations, fueled by investment banking and trading gains. The rally extended to regional banks like Axos Financial, boosted further by hints from Fed Chair Powell about easing quantitative tightening, signaling potential investment opportunities and rewarding patient investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.