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Bank earnings are expected to shine, but their stocks may not

July 11, 2018

The second-quarter earnings season will kick off in earnest on Friday, when three of the nation’s biggest banks report, and analysts are expecting somewhat of a repeat of the first quarter, when the sector chalked up record gains.

Against the current backdrop of a flattening yield curve, however, it’s not clear that strong results will succeed in reviving stock prices that have underperformed the broader market since February, as the initial euphoria around the tax revamp, expected deregulation and the strong economy dimmed.

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