Bank Earnings: JPM, BAC, AX, GS & SCHW

July 18, 2024 | Premium Service | Bank earnings for Q2 2024 remind us a lot of Groundhog Day, the 1993 film directed by Harold Ramis and starring Bill Murray and Andie MacDowell. Each quarter, we have basically the same bank earnings, but each time the reaction from investors is different. And meanwhile, behind the scenes, institutional investors are churning positions in bank stocks, pushing down larger cap names from May highs and forcing smaller, less liquid stocks up. How will all this end? 

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