Last week, earnings season kicked off with several top banks reporting their fourth-quarter results. With interest rates at their highest level in 22 years, investors are closely watching the results of financial companies to figure out how they navigated the challenges posed by the high interest rates.
State Street Corporation (STT) and Regions Financial Corporation (RF) are scheduled to report their fourth-quarter results on January 19. STT is expected to report a year-over-year decline in revenue and earnings for the quarter. Similarly, RF’s revenue and EPS will likely decline over the prior-year quarter.
