Is Wall Street Really on the Mend?
Stock markets performed well on Monday, but Tuesday morning brought a little bit more uncertainty back into the picture. Even as consumers have held up relatively well in the face of higher interest rates and big price increases, some still worry that the stimulus measures that put more money into people's wallets might not prove enough to get through a slowdown. Stock index futures eased lower on Tuesday, although the declines were modest and didn't take away gains from the previous day's session.
With earnings results starting to come in, investors are looking at the results from big bank stocks to see how Wall Street itself is performing in this challenging market environment. The latest results from Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS) provided two interesting viewpoints of how things are faring right now.
Shares of Bank of America climbed about 1% in premarket trading on Tuesday morning. The banking giant posted solid results in the third quarter, as it saw strength not only in its core consumer banking segment but also in its investment banking operations.
Source Fool.com
