Earnings Analysis for Banks
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! 🏦 ⤵

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Joey Hirendernath's avatar
Love @ayeshatariq 's work :) Thanks Nathan!
Nathan Worden's avatar
@joeyhirendernath Of course! All the thanks goes to @ayeshatariq for sharing her great knowledge!
Ayesha Tariq, CFA's avatar
@joeyhirendernath thank you Joey. That’s so nice of you to say.
Ayesha Tariq, CFA's avatar
Thanks for sharing Nathan. 😊
Grace Gruber's avatar
Completely agree here. Bank stocks are usually good indicators of how the earnings season will go, not because they report first, but for exactly reason you state. Public markets are much more connected than people expect.