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"A bank is a place that will lend you money if you can prove that you don’t need it."
-- Bob Hope
Most of the largest US banks will be reporting their last quarter earnings over the next few days. JPMorgan (JPM) and Citigroup (C) are due this Friday (amongst others), whilst Goldman Sachs (GS) and Bank of America (BAC) report at the beginning of next week. All of those major money dealers have broken out to new multi-months highs over the past few days. Price creates narrative or too much optimism? Stay tuned.