The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, Bank of America strategists warned in a weekly research note.
Investors need to ask, what’s in the price? As you can see from the chart below, JPM has corrected over the last 6 months from $175 to $130.
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JPMorgan Chase & Co, the largest U.S. bank, is expected to report first-quarter earnings on Wednesday.
Goldman Sachs Group Inc is scheduled to report first-quarter results on Thursday.
BlackRock Inc is scheduled to report first-quarter earnings on Wednesday
Citigroup Inc reports first-quarter results on Thursday
Wells Fargo & Co reports first-quarter earnings Thursday
Morgan Stanley is scheduled to report first-quarter results on Thursday
