US banking earnings paint a mixed picture
- Published: 20 Jan 2013 at 01.45
- Online news: World
Earnings released in recent days by leading banks and other large financial institutions might be thought of as the good, the bad and the ugly.
A sign for Standard & Poor's rating agency stands in front of the company headquarters in New York, September 18, 2012. A report issued this week by Standard & Poors sees a mixed bag in terms of the macro picture. The housing market and consumer spending may have stabilized, but there is evidence that some businesses postponed spending due to the fiscal cliff debate, the report said.
On one side, banks like Goldman Sachs, Morgan Stanley and JPMorgan Chase zoomed ahead with earnings that either set new records, beat expectations or accomplished both of those things.
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