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Business
Chris Markoch

Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?

Wells Fargo Bank of America Donald Trump BAC MarketBeat NYSE WFC

Earnings season is off to a rough start. That “Oooof” sound you hear is investors sighing as they see their last three months of gains in bank stocks evaporate after the bank reports its earnings.

It started with JPMorgan Chase & Co. (NYSE: JPM). The bank, widely considered to be the best in breed, has seen its stock drop over 5% after reporting a double beat that included optimistic remarks from Jamie Dimon about the health of the consumer.

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