Analysts expect banks in the S&P 500 to report aggregate profits up about 20% from a year ago, but down 20% from the second quarter
Banks are moving past the pandemic that sent quarterly profits on a wild ride. That is drawing attention to their weak spots.
America’s biggest banks report third-quarter earnings this week, starting with JPMorgan Chase & Co. on Wednesday. Analysts expect banks in the S&P 500 to report aggregate profits of about $31 billion, up about 20% from a year ago but down 20% from the second quarter, according to FactSet. Profits are expected to hold steady in the fourth quarter.
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