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Big Banks Deliver Mixed Earnings, AMD & Intel Dragged Down by China Restrictions

The Rundown

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Stock Market Rebound, Earnings Season Kick-off, and Big Bank Performances

The chapter explores the remarkable recovery of the stock market, particularly in the tech sector, observing record highs in Nasdaq and standout performances from companies like Amazon and Google. It also delves into the commencement of Q1 earnings season with major banks like JP Morgan, Wells Fargo, and Citigroup disclosing their financial results, highlighting revenue and earnings performances, net interest income trends, profit warnings, and regulatory concerns involving money laundering prevention at Morgan Stanley.

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