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Banking, Stocks

Trend: Banking Taking In Big Profits

“Citigroup profit surges 48%, driven by strong trading revenue”

https://www.cnbc.com/2021/10/14/citigroup-c-earnings-q3-2021.html

“Wells Fargo profit jumps nearly 60% in the quarter, revenue tops expectations”

https://www.cnbc.com/2021/10/14/wells-fargo-wfc-earnings-q3-2021.html

“Bank of America tops estimates on reserve release, strong advisory and asset management results”

https://www.cnbc.com/2021/10/14/bank-of-america-bac-earnings-q3-2021-.html

To be honest I think it’s risky going long term with bank stocks. Short term seems good. Maybe even mid term might be good. I don’t know but for those who are willing to take the risk this section of the stock market seems to be up.

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