Comment on Banks may have good news for investors

Banks may have good news for investors

Few long-term investors want to relive the last three months of 2018, but they will in the week ahead. Quarterly earnings season begins in earnest with more than a half-dozen big banks, like Wells Fargo, Bank of America and JPMorgan Chase, scheduled to release their latest financial results. The stock market was abysmal at the end of the year, but not necessarily the business of banking. As an industry, banks are expected to report a 16 percent jump in profits in the fourth quarter compared to a year earlier, according to data collected by financial firm FactSet.

 

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