Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
JP Morgan and Wells Fargo are each due to report their latest third-quarter earnings before the start of the US trading day. It is likely that both sets of board members will be feeling considerably more optimistic about market reaction to the figures, following the developments in Washington last night.
Prior to the discussions that pointed towards a six-week extension of the US debt ceiling, there was a very real chance that traders would have looked to reduce their market exposure ahead of the weekend. Two days during which politicians were able to talk freely while the markets were shut was a situation that many would have feared.
As is always the case, these two equities will set the tone for the financials who will be announcing results over the next couple of weeks in this latest US reporting season. The major points of interest for analysts will be the amount JP Morgan has had to put aside for miscellaneous fines, and how much it has allocated to possible future issues. Wells Fargo, on the other hand, is more likely to be scrutinised for its debt book and the balance of lending to small and medium-sized US businesses.