Barron's looked for young companies whose shares have been hammered in the recent selloff but have some positive characteristics. Read More...
Reuters
Big U.S. banks’ second quarter profits to tumble on higher bad loan reserves
NEW YORK (Reuters) -Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. Analysts expect JPMorgan Chase & Co will report a 25% drop in profit on Thursday, while Citigroup Inc and Wells Fargo & Co will show 38% and 42% profit declines, respectively on Friday, according to Refinitiv I/B/E/S data. Bank of America Corp, which like its peers has big consumer and business lending franchises, is expected to show a 29% drop in profit when it reports on July 18.
