Earnings Season Begins

Earnings season begins. Last Friday, the big financial companies started issuing earnings reports. JPMorgan Chase, Citigroup, and Wells Fargo each posted higher-than-expected revenue and profit during the last quarter. Net income increased dramatically, with JPMorgan's net interest income 44% higher than the same timeframe last year, while Wells Fargo's and Citi's interest profits were 29% and 16% increases, respectively. Next on deck are BAC, SCHW, MS, PNC, and BK. They will all announce their earnings on Tuesday morning. Expect a lot of volatility in the sector.

Watch this video for a more in-depth look into the financial sector. The timestamp 3:52 focuses on the financial sector. Pay close attention to the timestamp 53:00 to see the next subsector set to breakout.

Wishing Everyone Massive Success!