SPCE - Wall Street Breakfast: Ring The Register?
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. Ring the register?Get ready for the second quarter earnings season, which formally kicks off today as JPMorgan (JPM) and Goldman Sachs (GS) release results. Other major financial institutions will also report this week, including Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) on Wednesday and Morgan Stanley (MS) on Thursday. The banking industry is likely to unveil some blowout results, with S&P 500 financial sector earnings doubling year over year, though much of that growth will be measured against a time when much of the economy was brought to a pandemic standstill.Bigger picture: Big banks recently announced they will boost their dividend payouts after the Fed gave the lenders a thumbs-up on their most recent round of stress tests. "Many of the key components
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Wall Street Breakfast: Ring The Register?