Investors have punished bank stocks as the largest collapse of a U.S. bank since 2008 caused shockwaves and recession signals flash in the bond market.
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JPMorgan Chase & Co. kicks off what could be the most closely-watched earnings reporting season in more than a decade on Friday, April 14, after the U.S. largest bank collapse since the 2008 financial crisis, sharp drops in bank stocks, and recessionary signals in the bond market rocked the sector during the quarter.
The seismic changes absorbed by banks in recent weeks included a potential overhaul of the insured deposits system, a rush of deposits out of regional banks to big banks, and heavy borrowing from the Federal Reserve’s…
