Big Bank Q3 earnings: What we've learned from banks' economic outlook
10/13/2023 23:35
Banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) posted their third-quarter earnings this morning. All three beat earnings estimates, navigating economic headwinds and benefitting from higher interest rates. Questions for investors now arise about net interest income going forward as the Federal Reserve's rate policy is up in the air, with some analysts expecting higher for longer interest rates and others believing cuts are on the horizon. Yahoo Finance Senior Business Reporter Ines Ferre joins the Live show to discuss the banks' earnings and what this signals for the overall economy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) posted their third-quarter earnings this morning. All three beat earnings estimates, navigating economic headwinds and benefitting from higher interest rates. Questions for investors now arise about net interest income going forward as the Federal Reserve's rate policy is up in the air, with some analysts expecting higher for longer interest rates and others believing cuts are on the horizon.
Yahoo Finance Senior Business Reporter Ines Ferre joins the Live show to discuss the banks' earnings and what this signals for the overall economy.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.