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19Aug2021 Pre-Market Commentary: DOW Futures Drop 331 Points, Commodities Retreat On Concern About The Fed Removing Stimulus, Nasdaq Down 0.6%, WTI Crude 63.38, US Dollar 93.36, Bitcoin 44400

19Aug2021 Pre-Market Commentary: DOW Futures Drop 331 Points, Commodities Retreat On Concern About The Fed Removing Stimulus, Nasdaq Down 0.6%, WTI Crude 63.38, US Dollar 93.36, Bitcoin 44400
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Three Reasons Why Banks Are Slumping Despite Stellar Earnings


by Tyler Durden
Thursday, Apr 15, 2021 - 01:19 PM
Bank stocks slumped Thursday despite reporting huge beats on stellar trading revenues in Q1 (but mostly thanks to releasing billions loan loss reserves) and giving optimistic guidance.
In fact, Financials were the worst performing among the S&P 500 Index’s main sectors even after Bank of America and Citigroup joined JPMorgan and Goldman Sachs in reporting better-than-expected first-quarter trading revenue. BofA was among the biggest losers with a decline of as much as 4.2%, while Citigroup dropped by about 0.6%, erasing an earlier gain of 2.5%. Wells Fargo fell 1.9% and JPMorgan and Morgan Stanley were both down by less than 1%. Among regional banks US Bancorp and Truist Financial dropped after reporting earnings results. ....

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Traders On Edge Ahead Of Amazon, Google Earnings In "Perverse" Market

Traders On Edge Ahead Of Amazon, Google Earnings In "Perverse" Market
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