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Just a few days into the current earnings season and already, the top five US banks have reported a remarkable earnings rebound.Net income for these five firms came in at US$23.2 billion in Q3, which is more than triple the figures reported for Q2. This profit recovery appears to be happening at a faster clip compared to the two years it took for major lenders to stage an earnings recovery during the Global Financial Crisis.Yet, markets don’t seem to care.The S&P 500 has shed 1.29 percent over the past two days, with the financials sector being the worst performing sector... Read More
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