Big Bank Earnings are out and the media is trying to put a pretty ribbon on the horrid results!
- In Sum YTD these banks are down:
- Wells Fargo – 15.5%
- Morgan Stanley – 22%
- CitiGroup – 32.4%
- PNC – 27.1%
- The winner of the Biggest Drop in this report (https://www.investors.com/news/bank-earnings-jpmorgan-wells-fargo-morgan-stanley-citi-pnc-set-to-report/) is: JPMorgan Chase – 34.6%
A couple of these Fall Street banks are getting CPR today! Oh these are desperate times for them!