The Wall Street Journal

Financial Stocks Rise Ahead of Busy Week for Earnings, Inflation Data

JPMorgan, Wells Fargo lead the parade of banks whose quarterly results may offer clues on how consumers and companies fared during a volatile period

U.S. financial stocks inched higher Monday, raising expectations that banks’ quarterly earnings and a key measure on consumer prices will signal that economic conditions remain strong.

Wells Fargo shares climbed 1.1%, JPMorgan Chase rose 0.6% and BlackRock increased 0.9%. All three financial firms are among those due to report second-quarter results on Tuesday, when investors will also receive a June reading on the U.S. Bureau of Labor Statistics’s monthly consumer-price index.

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