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MarketBeat
MarketBeat
Jordan Chussler

Big Banks Are Setting the Tone as Earnings Season Kicks Off

JPMorgan Chase Bank of America Wells Fargo First Brands Goldman Sachs MarketBeat Morgan Stanley Tricolor

As Q3 earnings season kicked off last week, the market received a scare when negative news about two small regional lenders broke. 

Auto parts lender First Brands filed for Chapter 11 bankruptcy protection with around $6.1 billion in debt on its books, while Tricolor—a subprime auto lender and dealer—filed for Chapter 7 bankruptcy citing alleged systemic fraud. 

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