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cityindex

Blame #BRENT, #WTI's 3% drop for lack of feed through to stock mkts after good showing in the day's biggest set of earnings so far, from #Bankof America.

Data out earlier showed lwr China, S Korea oil imports. Technically, watch ~$72.60 support ^KO #Bankof America cheer gives Big Bank rivals post-earnings jump they didn't see on Fri.

$WFC disappointment and less than solid #Citigroup performance dragged.

$JPM and $C did report better than expected Q2 earnings though. ^KO pic.twitter.com/nqg MPf D0l V #Bankof America shrs attract buyers. Important because $BAC is joint 1st with #Wells Fargo so far in '18 deposit account growth - adding c.

Post-earnings rise is 1.7% after modest pre-mkt uptick. 1.25K ^KO #Bankof America shares marked tad higher in pre-open trade, 0.6%. ^KO #BANKS: Combination of less than solid #Citigroup underlying earnings and outright weak #Wells Fargo Q2 net income plus strong warning about the trade conflict from $JPM and $GS are turning what would have been a up day on Wall Street into a less certain one ^KO #JPMorgan shares continue to lead group of big bank stocks including rivals #Wells Fargo and #Citigroup which also reported earnings today.

Profit beat welcome but loan book just as important. $C, $WFC set to open down, $JPM pointing higher, though well off prices seen in pre-mkt trade earlier ^KO #GOLDMANSACHS is not reporting earnings today, but weighs into commentary on trade dispute after $JPM said the conflict is "a risk".

gain capital

Blame #BRENT, #WTI's 3% drop for lack of feed through to stock mkts after good showing in the day's biggest set of earnings so far, from #Bankof America.

Data out earlier showed lwr China, S Korea oil imports. Technically, watch ~$72.60 support ^KO #Bankof America cheer gives Big Bank rivals post-earnings jump they didn't see on Fri.

$WFC disappointment and less than solid #Citigroup performance dragged.

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