Earnings live: PNC rounds out bank earnings this week as attention shifts to Netflix, Intel
View original at finance.yahoo.comEarnings live: PNC rounds out bank earnings this week as attention shifts to Netflix, Intel The fourth quarter earnings season is picking up speed after big banks kicked things off this past week…
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Wall Street analysts estimate 8.2% increase in EPS for S&P 500 Q4, which would represent 10th consecutive quarter of annual earnings growth
80% confidenceInterest rate cap is not something Citigroup would or could support, would likely result in significant economic slowdown
80% confidence10% credit card rate cap would cause people to lose access to credit on a very extensive and broad basis, especially those who need it most
80% confidenceJPMorgan earnings underperformance attributed to policy overhang and high expectations, with policy changes now viewed as potential risks
80% confidenceState Street digital asset platform launch marks significant step in digital asset strategy by pairing blockchain with robust controls
80% confidenceJamie Dimon backed Fed Chair Powell
80% confidenceTSMC CEO dismissed AI bubble concerns
80% confidenceCredit card rate cap would restrict lower-end consumers from having access to any credit and upend the credit card industry
80% confidenceHouse Speaker Mike Johnson would explore Trump's credit card rate cap idea and acknowledged potential unintended consequences
80% confidenceThe only negative point in big bank results was investment banking, which could rebound in coming quarters as deals get pushed out
80% confidenceBank of America is all in for affordability while arguing credit card rate cap would have adverse effects
80% confidenceCredit card rate cap would be dramatic if implemented as described
80% confidence