Trend: Banking Taking In Big Profits
October 14, 2021
“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.