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Benzinga
Benzinga
Business
Piero Cingari

Big Banks Smash Earnings Expectations But Rally Fails To Produce New Fuel

Banks report positive earnings

The second-quarter earnings season for banks kicked off with blowout numbers from the biggest names on Wall Street, but investors weren't in the mood to celebrate.

Despite a string of upside surprises in profit and trading performance, investors focused sharply on guidance and margin pressure, sending several top bank stocks lower.

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