CRM - Wall Street Breakfast: Big Banks Kick Off Earnings Season

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Big banks kick off earnings seasonBanks are set to formally kick off the Q4 earnings season this morning, including results from JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC). It'll be the first set of earnings since the Fed gave lenders the green light to resume share buybacks, which were halted in March 2020 and banned by the central bank in June on fears of a steep recession from the coronavirus pandemic. However, the top U.S. lenders ended 2020 in good shape amid strong mortgage demand, healthy trading revenue and an economy kept afloat by generous government stimulus. The banks are expected to announce $10B of stock repurchases in the first quarter of 2021, in a move that should please many investors.Bigger picture: Shareholders will

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Wall Street Breakfast: Big Banks Kick Off Earnings Season