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For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
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U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
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FedEx's earnings disappointment and outlook warning earlier this week were a "wake-up call," says the "Mad Money" host.Investingread more
"The president is right to make this the center point of the rising and sustained trade conflict," says Sen. Chris Coons.Politicsread more
What's good for banks is good for the stock market.
Earnings from the financials dominate the early part of earnings season, setting the pace for the rest of the period, and so far it looks pretty good. The big banks that have reported so far have largely exceeded the Street's forecast, with trading revenue, loan growth and interest income among the highlights.
Last Friday, JPMorgan Chase was one of the first of the big banks out of the gate with earnings. The largest U.S. bank by assets reported earnings per share of $1.58 on revenues of $25.51 billion, topping estimates by 19 cents per share and revenue by more than $1.5 billion.
Working with analytics firm Kensho, CNBC ran a screen looking at how the markets performed two weeks after JPMorgan beat earnings per share estimates by at least 18 cents.