Early Takeaways on Banks' Earnings

Now that the second-quarter earnings reports have begun for the banks, investors can start to form a picture of the recent performance and outlook for financial stocks. Let's review what a number of the largest companies in the group have said about their businesses, the business and regulatory environments, and their prospects, all to the goal of reaching some working conclusions.

JPMorgan Chase (JPM) led the parade with another in its long line of consensus-beating performances, reporting a normalized EPS beat of a few pennies and strength across a broad array of its businesses. Fee revenues at the investment bank and in asset management were strong, but net interest margin shrank again....565 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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