US index gains despite plunging bank profits
Provisioning for bad loans slashes first quarter bank earnings.
NBR staff
Wed, 15 Apr 2020
First quarter earnings reports from banks Wells Fargo and JP Morgan Chase showed a huge rise in bad debts and plummeting profits, but wider market sentiment remained positive.
By early afternoon New York time the S&P500 index was up 3% at 2844 as the White House indicated announcements on
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NBR staff
Wed, 15 Apr 2020
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