WS #12044
Goldman Sachs, Citigroup, Bank of America all beat Q2 estimates with strong trading and investment banking revenue. US CPI fell 0.4% in June, first decline since 2020, driven by falling gasoline prices, reducing Fed hike odds. Cash levels plummet in BofA survey, a contrarian sell signal; oil price expectations point to $70-80 by year-end.
Bank Earnings Beat
Goldman Sachs, Citigroup, Bank of America all beat Q2 estimates with strong trading and investment banking revenue.
US CPI fell 0.4% in June, first decline since 2020, driven by falling gasoline prices, reducing Fed hike odds.
Cash levels plummet in BofA survey, a contrarian sell signal; oil price expectations point to $70-80 by year-end.