Wall St. dips as JPMorgan leads bank stocks lower

collected by :Irax John

Traders work on the floor of the NY Stock Exchange, (NYSE) in fresh York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File PhotoShares of the biggest unite states bank with assets dropped about three percent, overturning an premier earn in premarket trading the time the bank announced a record quarterly profit which fell slightly short of expectations. The S&P banks index fell around 2.6 % & the broader S&P financial index lost 1.4 percent, the generality between the eleven great S&P sectors. The S&P 500 fell 0.09 % to 2,661.58 & the Nasdaq Composite dipped 0.17 % to 7,127.82. The highest gainer between S&P sectors was the energy sector, up one % as oil prices rose.


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Wall St. dips as JPMorgan leads bank stocks lower

as informed in Traders work on the floor of the NY Stock Exchange, (NYSE) in fresh York, U.S., April 10, 2018. REUTERS/Brendan McDermid/File PhotoShares of the biggest unite states bank with assets dropped about three percent, overturning an premier earn in premarket trading the time the bank announced a record quarterly profit which fell slightly short of expectations. The S&P banks index fell around 2.6 % & the broader S&P financial index lost 1.4 percent, the generality between the eleven great S&P sectors. The S&P 500 fell 0.09 % to 2,661.58 & the Nasdaq Composite dipped 0.17 % to 7,127.82. The highest gainer between S&P sectors was the energy sector, up one % as oil prices rose.

Here's causes of bank stocks are getting chock even after their earnings win the Street

Indeed, mortgage banking income tumbled for both J.P. Morgan & Wells Fargo. "The interest average chatter led to an expectation of much higher results on a basic basis, & the chatter was always wrong," he said. "It was wrong because interest averages don't drive bank earnings. What does drive bank earnings Information Systems what they sell." To be sure, the reactions were not all negative about bank earnings.

Here's why bank stocks are getting hit even after their earnings beat the Street





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