Few examples better capture the resurgence of big banks than Jamie Dimon's special retention award, which has swelled in value over the last five years to more than $280 million today.
As Dimon's bank, JPMorgan Chase (JPM), heads into earnings season, ***** ysts expect the country's largest lender and its rivals to post one of their strongest quarters ever.
But the setup is leaving investors with something of a quandary: Should they cheer or doubt whether there's more room to run for big banks?
Investors are "naturally skeptical," UBS ***** yst Erica Najarian wrote to clients earlier in July. "It's been awhile since it's felt like 'peak bank'."
The test is coming on Tuesday. JPMorgan, Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) will all report second quarter results before the opening bell. Morgan Stanley (MS) will round out Wall Street bank results with numbers coming Wednesday morning.
As Dimon's bank, JPMorgan Chase (JPM), heads into earnings season, ***** ysts expect the country's largest lender and its rivals to post one of their strongest quarters ever.
But the setup is leaving investors with something of a quandary: Should they cheer or doubt whether there's more room to run for big banks?
Investors are "naturally skeptical," UBS ***** yst Erica Najarian wrote to clients earlier in July. "It's been awhile since it's felt like 'peak bank'."
The test is coming on Tuesday. JPMorgan, Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) will all report second quarter results before the opening bell. Morgan Stanley (MS) will round out Wall Street bank results with numbers coming Wednesday morning.
4 months ago
