Bank Earnings: How plummeting yields will drag them down

After the Brexit vote, the big question is whether stocks will be dead in the water for another year or two

Tuesday 12 July 2016 at 15:08

The second quarter appears gloomier for the four biggest US banks, including JP Morgan
The second quarter appears gloomier for the four biggest US banks, including JP Morgan

Lower for longer. That is the outlook for bank earnings as much as it is for interest rates.

As second-quarter bank earnings season gets under way this week, the big question isn't whether firms will miss or beat expectations.