This week saw a flurry of bank earnings including JPM, Wells, and Citi that beat consensus estimates, with fixed income trading as a particular bright spot.
All three lenders also reported a slight uptick in their core Tier 1 equity ratios, giving them each a stronger case to seek approval from bank regulators to return additional capital to shareholders, a move that would buoy their respective share prices. Buybacks and Dividends Ahead? The three banks that reported Thursday have ample excess capital. If they're permitted to give more of this to shareholders, returns will improve