highhand
01-11

I think banks will be flat or slightly higher after earning... The wonderful story of the market rising is not over. Although there are fears of the 20% correction, as long as good guidance is given, the individual bank stocks will continue to rise. 

That's said, any irrelevant drop is an opportunity to pick up shares if undervalued

JPM Misses and Weighs on Financials: A Bad Start to Earnings Season?
As a key industry bellwether, JPMorgan Chase signaled pressure in its latest earnings, confirming investment banking revenue came in below guidance. Shares fell more than 4% Tuesday, dragging the broader financial sector lower. The results suggest that in a high-rate environment, capital markets activity is recovering more slowly than expected, while rising operating costs are squeezing margins. Does JPMorgan’s earnings miss point to a broader slowdown in capital markets activity? In a higher-for-longer rate environment, can banks defend margins against rising costs?
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