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CNBC Daily Open: Big banks’ big profits aren’t likely to last - TL;DR CNBC

CNBC Daily Open: Big banks’ big profits aren’t likely to last

Publishing timestamp: 2023-10-15 19:40:22


Summary

The article discusses the performance of major U.S. indexes, the booming profits at JPMorgan Chase, the earnings of Citigroup and Wells Fargo, the increase in oil prices, the upcoming bank earnings reports, and the slumping consumer sentiment. It also mentions the potential impacts of geopolitical shocks and the war in Ukraine on global markets.


Sentiment: MIXED

Tickers: WFC.IXICBLKC.DJIJPM.SPX

Keywords: nasdaq compositebanksearningsmarketscitigroup incworld marketsbusiness newss&p 500 indexblackrock incwells fargo & counited statesoil and gasdow jones industrial averagejpmorgan drn

Source: https://www.cnbc.com/2023/10/16/stock-markets-big-banks-big-profits-arent-likely-to-last.html


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