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The US corporate earnings season will also officially begin this week: US banks JP Morgan Chase, Citigroup and Wells Fargo will announce their quarterly reports on Friday, January 14th.
According to FactSet, the earnings of companies listed on the S&P 500 should have reported growth of 21.7% in the fourth quarter – if this forecast materializes, it would be the fourth consecutive quarter of growth at a rate of more than 20%.
All three stocks of the three US banking giants reported a positive trading performance on the Wall Street premarket.