"Insights for Investors: Navigating Bank Earnings Season"

1 min read
Source: The Wall Street Journal
"Insights for Investors: Navigating Bank Earnings Season"
Photo: The Wall Street Journal
TL;DR Summary

Big banks are set to report fourth-quarter earnings, revealing the impact of the Federal Reserve's interest rate hikes on customer activity. Despite higher borrowing costs, households have continued to spend and borrow, while businesses have maintained healthy hiring. Major banks like JPMorgan, Wells Fargo, and Bank of America have seen strong profit growth, even after weathering challenges from smaller peers in 2023.

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