Wall Street’s main indexes ended higher, with shares of major U.S. banks rising following their fourth-quarter results, which kicked off the earnings season
But shares of all four firms rose, along with the S&P 500 banks indexmore rainy-day funds to prepare for a possible recession and reported weak investment banking results while showing caution about forecasting income growth. They said higher rates helped to boost profits.
"This has shifted the focus back to earnings," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
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