Bank Earnings May Offer Short Reprieve

July 16, 2010  |  

(Smart Money) — Investors may not reserve judgment. Bank of America and Citigroup are among the companies scheduled to release their quarterly results Friday. JPMorgan Chase was the first to release its earnings, beating Wall Street estimates as it wrote bad loans off its books. However, chief executive Jamie Dimon said returns in the firm’s consumer lending businesses were “still unacceptable” and that it’s “too early to say how much improvement we will see from here.”

Read More…

MadameNoire Radio

Our staff has picked their favorite stations, take a listen...

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN