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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