Core inflation growth of 4.5% was the highest since 1991. It looks like the inflation gains might be stealing some of the sizzle from these strong bank earnings. With the big bank earnings, it’s always important to check the tone of the releases and listen closely to what executives say on their calls. Trading revenue fell from the amazing levels of a year ago, but looked relatively strong. Today’s bank earnings set the stage for another round of bank industry Q2 reports tomorrow and Thursday.

Source: Forbes July 13, 2021 13:18 UTC