Wednesday, October 23, 2024

Banks are doing great.

Wall Street has good days and bad days, but, overall everyone is fine.

The controversy today is Bitcoin. Jamie Dimon stated his analysis is that Bitcoin is over selling its contracted limit. The coin isn’t supposed to be selling endless amounts of Bitcoin. Dimon thinks they are.

October 15, 2024
By Derek Saul

Bank stocks (click here) surged Tuesday as several major financial institutions reported earnings, as the group gets a boost from lower interest rates....

...National banks Goldman and Morgan Stanley tallied all-time high intraday share prices Tuesday and a host of regional stocks like Bank of New York Mellon, PNC, U.S. Bancorp stocks registered 52-week highs, while other financial services firms like American Express and BlackRock also touched records....