CE 100 Index Gains 1.3% as Big Banks Post Earnings
CCiti(C) PYMNTS.com·2024-07-15 16:00

Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The Index was up 1.3% for the week, as the bank earnings detailed relative strength in consumer spending, though company management at Citi and at JPMorgan took note of pressures facing lower income and lowercredit-scoring consumers. The Banking segment gained 3.9%, helping lead the connected economy index's performance higher. JPMorgan shares were up 4.3%. In the company's e ...