Major financial institutions — including JPMorgan (JPM) and Wells Fargo (WFC) — kicked off the third quarter earnings season this morning. While these banks ...
this morning. While these banks outperformed expectations, the potential impact of future Federal Reserve rate cuts on these financial giants remains a key concern. Hennessy Funds portfolio manager David Ellison , joins Market Domination to share his outlook on the situation.
Banks kicking off another earnings season with JP Morgan Wells Fargo Bank in New York, Mellon all reporting solid quarterly results. And you throw on the fact that the markets at all time, Highs Wall Street is open, they're generating a lot of fees. Not just for JP Morgan Wells Fargo having sort of a similar experience, as you mentioned, with rates going down with the fed cutting rates.
I mean, if we, well, too much would be to get, let's say, down to, you know, 2% or 1.5% or, or below 2% in fed funds because then your prime is gonna be five or four and that's no good. For Kamala Harris, vice president to an unpopular president, and Donald Trump, an almost equally unpopular former commander in chief, change is in the air.MONTREAL — A woman from Montreal's South Shore appeared in court on Friday on charges of aggravated assault after allegedly scalding a 10-year-old boy with boiling water more than one week ago.U.S.
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