What These 2 Big Bank Stocks Are Saying About the Bull Market
The stock market appeared ready to open on a flat note on Tuesday morning, largely playing a waiting game as market participants wait for the latest financial results for some top companies in areas like technology and communication services. stock index futures eased very slightly lower in premarket trading before the open.
Last week, investors got a large helping of financial reports from bank stocks, and the various numbers from different banking institutions gave several perspectives on how things are going in the sector. More banks reported their latest results on Tuesday morning, and Bank of America (NYSE: BAC) and Morgan Stanley (NYSE: MS) in particular gave their shareholders a nice view on the current state of the industry. Here's what the two big banks had to say and what investors in areas across the stock market can draw from their reports.
Shares of Bank of America were up 1% in premarket trading Tuesday morning. The Charlotte-based banking giant reported second-quarter financial results that painted a different picture of business conditions than many of its peers.
Source Fool.com
