Traders' Insight: Financials Brace for More Volatility Amid an Uncertain Earnings Environment
Read the full article on Traders' Insight.
Excerpt:
- Earnings season has been better than feared, but all eyes are on how the current quarter progresses and emerging risks to corporate profits
- We spotlight a pair of troubled financial institutions with unusual earnings events
- AT&T, meanwhile, could see more pain ahead. We detail why the risks are skewed to the downside.
Fed Chief Jerome Powell did no favors for the beleaguered regional banks last week. A 10th straight rate hike is like an insult to injury for so many small financial institutions. What has been a strong Q1 earnings season is now overshadowed by cascading impacts from steep rises in interest rates and emerging commercial real estate woes.
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