Traders' Insight: Caution Ahead – Uncertainty Index Confirms What Bank CEOs Have Said on Q3 Calls

Read the full article on Traders' Insight.

Excerpt:

  • The LERI shows corporate uncertainty increasing to its highest level since the pandemic, in line with what bank CEOs have been sharing on Q3 calls
  • This week 460 companies are expected to report for Q3, 55 from the S&P 500 
  • Potential Surprises this week: Discover Financial Services (DFS)
  • Peak weeks for Q3 season run from October 23 – November 10 

Big Banks Seem Resilient, but Worries Still Pervade 

Third quarter earnings season is off and running, and a few big banks set the tone when they reported on Friday. JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) all beat top and bottom-line estimates, but despite robust results some of the commentary was cautionary.¹

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