Tag Archives: US banks

After facing serious challenges, banks in Europe and the US show signs of recovering. Earnings have been decent this year as a number of headwinds fade.Although third-quarter 2017 earnings results were mixed in Europe, compared with a better season in the US, 2017 is still set to be the first year of consistently decent earnings for banks after several years of disappointing results, especially in Europe. The market has noticed the improvement, and the sector has outperformed in recent...

Summary: US Q3 was revised higher mostly due to consumption. Business investment was a drag. Profits rose to snap a five-quarter slide. The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014.  The average quarterly growth rate this year is 1.8% compared with 1.9% last year.  The Federal Reserve estimates trend growth or the...

Summary: US Q3 was revised higher mostly due to consumption. Business investment was a drag. Profits rose to snap a five-quarter slide. The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014.  The average quarterly growth rate this year is 1.8% compared with 1.9% last year.  The Federal Reserve estimates trend growth or the...