"When we look at profitability, particularly net interest margins, we think we're at peak margins right now, we think this is as good as it gets both in terms of net interest margins and profitability"- Citi CEO from earnings call yesterday.
Can positive sentiment continue as US earnings take hold?
Perhaps something to do with the upcoming Easter public holidays, but major markets appear to be in a period of relatively calm. Traders await news of further traction in trade talks whilst lacklustre US earnings just pulled the reins on sentiment yesterday. After all the positives of US corporate announcements at the end of last week (JP Morgan and Disney), Monday’s session was a bit of a damp squib as Goldman Sachs and Citigroup took wind out of the sails. Despite this, earnings season has kicked off in decent shape, as 85% of companies have beaten earnings estimates. Traditional lowballing of guidance aside, this is still ahead of the ... (full story)
- Posted: Apr 16, 2019 5:06am
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