JPM, BAC, CITI stocks: Q2 reports due

Wednesday, 08/07/2020 | 10:36 GMT-0

Disclaimer

The banking sector has been suffering a downturn since the beginning of June with almost no alternating bullish presence. In this sense, it will be safe to say that JPMorgan, Citigroup, and Bank of America are doing worse than most of the S&P. At the same time, being at the bottom of their respective mid-term uptrends, none of these stocks has broken the said trend - yet. That’s why, technically, it is very likely that they bounce upwards. Otherwise, we will see protracted sideways movement or even a continuation of the bearish phase – especially if the figures we are about to receive are disappointing.

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FBS Review

Source: https://fbs.com/analytics/articles/stocks-banks-earnings-due-25599

Disclaimer

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