Banks' Beat! Will This Earnings Season Stay Strong?
JPMorgan Chase gained 2% after reporting earnings of $4.81 per share, beating estimates.
Wells Fargo rose 7% as its $1.43 per share profit surpassed expectations.
Goldman Sachs saw a 6% increase driven by a doubling of profits from dealmaking, debt sales, and strong trading results. Citigroup shares gained 6% as it swung to a profit supported by trading strength and investment banking recovery.
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Does it mean a good start?
Bank Stocks Soar: Did You Make a Profit?