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Big banks earnings surpassed estimates: Is it time to buy?
On October 15, $Citigroup (C.US)$ , $Goldman Sachs (GS.US)$ and $Bank of America (BAC.US)$ all reported beating-expectations Q3 earnings. La Show More
On October 15, $Citigroup (C.US)$ , $Goldman Sachs (GS.US)$ and $Bank of America (BAC.US)$ all reported beating-expectations Q3 earnings.
Last week, $JPMorgan (JPM.US)$ and $Wells Fargo & Co (WFC.US)$ both reported strong revenue growth, leading to a rise in their stock prices.
Benefited from increased expectations of US economy and stock market, deal-making activities improved significantly, leading to investment banking revenues increase. Seems like the big banks have offset the side-effect of interest rate cuts in Q3, does the future look promising?

🎙️Discussion:
Do you think bank stocks will continue to grow?
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