Q2 Earnings Growth Expected to Reach Two-Year High
CCiti(C) ZACKS·2024-07-13 07:17

The market isn’t particularly impressed with what it saw in the quarterly releases from JPMorgan (JPM) , Citigroup (C) , and Wells Fargo (WFC) , even though all three beat top- and bottom-line expectations.Part of the issue appears to be underwhelming guidance and management commentary, reflecting moderating economic activities on the back of elevated interest rates. The stocks' outperformance entering this reporting cycle also contributed to the market’s tentative initial reaction to these results.You can ...