Bank stocks may rebound with a soft-landing, rate cuts, and improved customer activity, but political risks and lower interest rates could dampen growth.
Companies Reporting Before The Bell • UBS Gr (NYSE:UBS) is expected to report earnings for its third quarter. • SAP (NYSE:SAP) is expected to report earnings for its third quarter.
US financial stocks surge to record highs post-Fed meeting on expectations of economic growth and reduced borrowing costs, with Bank of America predicting a '1995 soft landing scenario' for bank stocks.
Companies Reporting Before The Bell • Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
Bank of America's equity analysts led by Ebrahim H. Poonawala predict a bullish trend in banking stocks in 2024 due to changing economic landscape, policy shifts and strategic positioning of individual banks.
Companies Reporting Before The Bell • Berkshire Hills Bancorp (NYSE:BHLB) is expected to report quarterly earnings at $0.49 per share on revenue of $94.82 million.
First BanCorp (NYSE:FBP) reported its Q3 earnings results on Tuesday, October 25, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings First BanCorp beat estimated earnings by 2.56%, reporting an EPS of $0.4 versus an estimate of $0.39.
