Four major U.S. banks are set to release their Q4 earnings reports this week. Ahead of an expected increase in interest rates, investors may be waiting to see how these financial firms have performed over the fourth quarter of 2021.
U.S. equity contracts and European shares are on the rise with oil, rebounding from Friday’s steep decline due to fears of a new virus variant. There are reports that this strain’s symptoms are relatively mild, but the WHO warns of “severe consequences.”
UBS, the Swiss investment bank, reported double-digit growth in year-over-year Q1 net income when it reported earnings yesterday, despite a $774 million loss triggered by the Archegos hedge fund default in March.