As earnings season kicks off, investors will be keeping a close eye on banks’ net interest margins, a key measure of loan profitability
Earnings season kicks off in earnest Friday with JPMorgan Chase & Co. and Wells Fargo & Co. releasing first-quarter results. That will give investors a first glimpse at how the Federal Reserve’s cautious shift on monetary policy affected the biggest U.S. banks at the start of the year.
The KBW Nasdaq Bank Index of large commercial lenders has climbed 13% this year, trailing slightly behind the S&P 500’s 15% rise, after sliding 18% in the fourth quarter. Big banks, which were battered in the final months of 2018...
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