Best Opening For Earnings Seasons? Major Banks All Beat Estimates!
@Tiger_comments:
A research report led by strategist Savita Subramanian on Monday stated that among the 30 companies in the S&P 500 index that have already reported their earnings, 90% of them have exceeded earnings per share expectations, and 73% have surpassed revenue expectations.This is the biggest positive surprise in the first week of the reporting period since at least 2012, largely due to impressive earnings from $JPMorgan Chase(JPM)$, $Citigroup(C)$ , and $Wells Fargo(WFC)$.Driven by the impressive financial data, JPMorgan Chase's stock price surged by 7.55% on the same day, marking the largest single-day gain since November 2020.1. Major Banks Released Stellar Earnings A