US earnings preview: how to trade US banks
With US banking heavyweights JPMorgan Chase, Wells Fargo and Citigroup about to hand in their Q1 report cards, Angeline Ong looks at how to trade their earnings, given there’s a Fed rate cut or two this year, still on the cards.
(AI Video Summary)
How to trade US banks earnings
US banks including Citigroup, JPMorgan Chase, and Wells Fargo, are about to report their earnings, potentially impacting their stock value. Key areas of interest include the health of the commercial real estate sector and loan demand. Despite concerns, these banks have shown strong performance this year. Their earnings could indicate the strength of the US economy. However, anticipated Fed rate cuts could differently affect banks depending on their reliance on trading versus lending activities. This knowledge is critical for making informed trades in the banking sector ahead of earnings season.
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