U.S. banks are about to report first-quarter results that are likely to show their pandemic hot streak is winding down
Analysts expect banks in S&P 500 to report first-quarter profit of about $28 billion, down 36% from a year ago
Hundreds of foreign companies from Pepsi to Apple to IKEA have pulled back operations in Russia as the West has hit the country with sweeping sanctions. Here’s how Russians are living with the economic fallout from Moscow’s decision to invade Ukraine. Photo: Vlad Karkov/Zuma PressWhat goes up must come down. That is likely to be the story of banks’ first-quarter earnings.
A sense of normalcy has returned to Wall Street. Offices have once again filled up after two years of working from home. Bonanza profits driven by a white-hot market for deals are returning to earth.
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