WSJ's Take On the Week
Why Record Profits For Big Banks Could Be Good For Consumers
Apr 7, 2024
Financial analysts Josh Brown and Michael Batnick from Ritholtz Wealth Management discuss how earnings reports from major U.S. banks can impact consumer finances. They also delve into the oil market and upcoming CPI report, shedding light on inflation, stock prices, and more.
22:52
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Quick takeaways
- Earnings reports from major banks provide insights on consumer finances and economic trends.
- Rising oil prices and upcoming IEA report impact markets, highlighting global economic interdependencies.
Deep dives
US Banks Earnings Reports
Three major US banks, Citigroup, Wells Fargo, and JP Morgan Chase, are set to release their earnings reports, signaling the start of the first quarter's earnings season. This week's focus is on understanding the financial performance and insights provided by these key players in the banking sector. The revelations from these reports will serve as crucial indicators for investors and the broader economy.
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