On the company side, the newly begun reporting season continued to determine events. After the solid reports from JPMorgan, Citigroup and Wells Fargo before the weekend, two more industry heavyweights opened their books. Bank of America shares rose by around 0.7 percent premarket. Increased interest rates and lower taxes brought the institution an increase in profits in the last quarter, and the bank also performed better than expected in terms of income and trading business.
2023-10-17 12:58:39
#York #stocks #outlook #Small #setback #strong #start #week
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