Wall Street banks are already feeling huge pressure from a Fed rate cut that hasn't even happened yet (GS, BAC, MS, WFC, C, JPM)

Credit: Business Insider- Published on July 20, 2019
· *Several of Wall Street's biggest banks reported second-quarter results this week that rattled investors and got them worried about the impact of lower interest rates.*
· *In the weeks leading up to bank earnings, investors and analysts were worried about net interest margins, one of the most important metrics for a banks...

Credit: Reuters Studio
Published on July 22, 2019 -  01:04
Wall Street gains on rate cut hopes
The S&P 500 ended higher on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon this week. Fred Katayama reports.

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