US bank earnings preview: What to expect as the banks kick off Q4 earnings season
Friday sees the third quarter earnings season kick off with a big focus on US banks, as JP Morgan Chase, Citigroup, Wells Fargo, and Bank of America release the latest data. With The US economy managing to remain well within positive growth territory despite a period of monetary tightening from the Fed reserve, markets will be hotly anticipating the outlook for the US economy and any adjustments to bad loan provisions. Scope markets chief market analyst Joshua Mahony dives into some of the key topics to watch out for around this release, while providing technical analysis for all four banks.
Disclaimer: This material is a marketing communication and shall not in any case be construed as an investment advice, investment recommendation or presentation of an investment strategy. The marketing communication is prepared without taking into consideration the individual investors personal circumstances, investment experience or current financial situation. Any information contained therein in regardsto past performance or future forecasts does not constitute a reliable indicator of future performance, as circumstances may change over time. Scope Markets shall not accept any responsibility for any losses of investors due to the use and the content of the abovementioned information. Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.