The big banks work with many companies in many sectors, so even if you don’t own any stocks in the banking sector, it’s always a good idea to keep track of what the banks are reporting, because they give you an idea of what to expect for the rest of earnings season.
Goldman Sachs reported this morning and shares dropped 8% because of surging expenses and an equities trading slowdown. $GS
Bank of America $BAC
and Charles Schwab $SCHW
reported as well.
If you you want to know what to look for when banks report earnings, @ayeshatariq
wrote a great primer. Start here! 🏦 ⤵