The Sun (Lowell)

Bank earnings

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Several major U.S. banks report quarterly results Tuesday.

Jpmorgan, Citigroup and Wells Fargo are set to deliver their earnings for the April-june quarter. Investors will be focusing on whether the banks’ loan defaults spiked as households and business customers’ finances took a hit from the coronaviru­s pandemic. Wall Street is also eager for an update on how banks see business shaping up for the rest of this year.

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