Banks prep third-quarter financial statements

10/11/2012 | Wall Street Journal, The

JPMorgan Chase and Wells Fargo will be among the first banks to report third-quarter results. Investors are expecting reports of strong growth, especially compared with year-earlier data, and they have accordingly bid up the price of financial stocks. "With many bank stocks trading near 52-week highs, we think additional near-term multiple expansion will be limited," Baird Equity Research said in a recent note.

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Wall Street Journal, The

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