“Earnings Season” kicks off in the US
As the quarter comes to a close, the market's focus now turns to the "Earnings Season" that has kicked off in US banking.
Last week, the start of "Earnings Season" became the market's focus, with American banks reporting largely positive results. The trade agreements announced by Donald Trump and the prospects of reaching more agreements by the end of the month have fueled market sentiment, with the S&P 500 reaching new all-time highs earlier this week.
In the US, American banking companies, with results already released, reported a profit increase in the second quarter, exceeding expectations. For example, JPMorgan Chase reported adjusted earnings per share of $4.96, above the expected $4.48, due to robust performance in investment banking and asset trading.
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