Big Bank Earnings are out, while Mainstream Media (Fake News) Provides Damage Control

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!