There’s lots of anxiety swirling about a possible recession. Is Corporate America starting to get nervous, too?
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. We’ll get a better sense this week when several top financial firms and consumer companies report third-quarter earnings. Asset management giant and iShares owner BlackRock\n \n is due to report Thursday. JPMorgan Chase\n \n , Wells Fargo\n \n , Citigroup\n \n and Morgan Stanley\n \n are just a few of the several top banks set to release results on Friday.
” Still, there should be some bright spots from this batch of earnings. The banks should get a continued boost from rising interest rates, which makes lending more profitable. And unlike Europe, where investors are worried about problems at Credit Suisse\n \n and Deutsche Bank\n \n , the top US firms don’t appear to be showing signs of financial strain. “Bank balance sheets and capital positions both remain in solid shape,” said KBW analyst David Konrad in a bank earnings preview report.
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