Tag: Regions Financial Corp.
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U.S. stocks trade lower as traders eye earnings from Morgan Stanley, IBM
[ad_1] U.S. stocks opened lower Wednesday as investors weighed another batch of U.S. earnings, including results from Morgan Stanley and International Business Machines Corp., while global government bonds yields rose after U.K. posted hotter-than-expected inflation. How are stock indexes trading The Dow Jones Industrial Average DJIA, -0.26% dropped 136 points, or 0.4% to around 33,840…
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Loan growth, lower margins cloud the skies over big banks: analyst
[ad_1] While bank stocks may recover slightly after lagging the broad market in 2023, first-quarter earnings updates from big banks may not provide much additional lift as big clouds hang over the sector, JPMorgan analysts said Monday. Banks continue to face a litany of concerns from inflation to recession to jitters around the banking system…