Bank Earnings Beats Met With Selling as Margins, Credit Costs Weigh
Truist, Regions Financial, U.S. Bancorp and WaFd all posted third-quarter results this week, but a broader scorecard shows investors punishing bank stocks even where results topped estimates.
An earnings scorecard covering the recent bank reporting wave found that beats were met with selling as margins and credit costs weighed on investor reaction.
MARKET REPORTBEARISH