Investors in the “too big to fail” money center banks have generally been positive after the banks reported quarter earnings in July, but the upside moves were muted.
Bank of America (BAC) failed at its 200-day simple moving average as July ended. Citigroup (C) popped on earnings but drifted lower, tracking its 50-day simple moving average. JPMorgan Chase (JPM) gapped higher, then moved sideways above its 50-day simple moving average. Wells Fargo (WFC) , the only big bank to miss earnings estimates, drifted lower below its 50-day simple moving average.
