World Week Ahead US bank earnings in focus

Sun, 13 Jan 2013

By Margreet Dietz Jan 14 (BusinessDesk) – US fourth-quarter earnings season picks up speed in the coming days with some of the major banks reporting. A slew of banks are set to report this week, including Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley. Earnings for financial companies in the S&P 500 grew 16 percent in the fourth-quarter, according to data compiled by Bloomberg. Still, Wells Fargo's earnings, reported last Friday, disappointed on margins and mortgage applications. "The banks have a read on the...

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