Earnings seasons is now in full swing as another round of bank earnings were released this morning. A continuance from last week’s batch of earnings, Bank of America, Morgan Stanley, Bank of New York Mellon, and Charles Schwab posted beats driving up the KBW Index (BKX +3.03%) to levels not seen since April. The regional bank index (KRX +4.1%) also gained during the session to a three-month high thanks to push from PacWest (PACW +8.5%) who reports next Tuesday. Bank concerns appear to be fading…
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