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Why the stock market is still at risk after upbeat earnings from U.S. big banks

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May 1, 2023
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The U.S. corporate earnings reporting season got off to a good start this week with large U.S. banks reporting robust first quarterly performance despite the collapse of Silicon Valley Bank and Signature Bank last month, but regional banks could still provoke some market volatility given their capital and liquidity issues when they report in coming weeks.

JPMorgan Chase JPM, Wells Fargo WFC, Citi C and BlackRock BLK all beat Wall Street’s estimates for their first-quarter profit, easing some of the markets’ concern that…

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