Positive.

From Nasdaq.: 2024-10-11 18:13:00

JPMorgan and Wells Fargo both released strong quarterly results, with JPMorgan beating expectations on both top- and bottom-line figures. The banks’ positive commentary on the economy’s health and spending environment reassured the market. Q3 earnings for the Finance sector are expected to be up +4.7% on +5% higher revenues, setting a positive tone for the upcoming reports from Bank of America and Goldman Sachs. Total earnings for the S&P 500 index are expected to be up +3.6% from the same period last year on +4.5% higher revenues, with the aggregate earnings total for Q3 expected to reach an all-time high.



Read more at Nasdaq.:: The Q3 Earnings Season Kicks Off Positively