What investors can learn from bank earnings [CNNMoney.com]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: CNNMoney.com
What investors can learn from bank earnings A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business) Earnings season kicks off this week with reports from big US banks. JPMorgan Chase and Wells Fargo are up first on Tuesday, with Bank of America, Citigroup, and Goldman Sachs following on Wednesday. Safe to say, this promises to be a highly unusual round of corporate updates. The coronavirus pandemic has forced hundreds of companies to slash or suspend dividends, and many more have withdrawn their financial outlooks for the year — an acknowledgment that they're flying blind. The results that will be published this week relate to the previous three month period, and so earnings are unlikely to fully reflect the economic trauma now being caused by efforts to contain the coronavirus. What matters more is what big bank executives say about the current state of the US economy and cre
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