Wednesday, July 11, 2007

US banks' results may outshine modest expectations

(Reuters) - NEW YORK, July 11 - Many large U.S. banks may surpass investors' diminished expectations when they report second-quarter results next week, setting the stage for a possible rebound in the underperforming sector.



Investors worry about the housing slowdown and its impact on: mortgage providers such as Wells Fargo & Co. and Washington Mutual Inc. ; lenders to homebuilders; and packagers of securities backed by subprime home loans.


Read more at Reuters.com Bonds News

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