The largest six U.S. banks have reported their fourth-quarter results, with investors celebrating their performance. Despite varying business models, a comparison reveals overall strong operational success. The banks’ solid performance is a positive sign for the financial industry as a whole.
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Stock Markets Slide After Trump Unveils Tariffs
Global markets tumbled after President Trump announced 10 percent tariffs on all U.S. trading partners except Canada and Mexico, with even higher tariffs on other main partners, causing futures on the S&P 500 to slump over 3 percent. Asian markets also fell sharply, with benchmark indexes dropping over 3 percent in Japan, and nearly 2 percent in Hong Kong and South Korea. The surprise scale of the tariffs has left analysts questioning the basis for...
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