Lower Rates Won’t Boost Stock Markets Further Warns Bill Gross

Former Bond King Bill Gross commented Tuesday again on ‘fake markets‘ saying the boost from negative interest rate yields may have reached an end, warning that lower rates won’t boost stock markets further when he released his first investment outlook, “The Fixx”, since retiring from Janus Henderson this year.

PNC Bank Earnings Beat On Lower Taxes and Higher Interest Income

PNC Financial reported better than expected second quarter earnings before the bell on Wednesday. $PNC saw lower income tax expenses as well as higher interest income and a rise in non-interest income. Reporting after Citigroup, Goldman Sachs, Wells Fargo $WFC and JPMorgan $JPM. 

PNC Bank Earnings Beat on Interest Rate Margins But Revenues Miss

PNC Financial $PNC reported mixed third quarter earnings before the bell on Friday along with Wells Fargo $WFC, Citigroup $C and JPMorgan $JPM.  They have been beating on a growing loan book with improving interest rate margins but revenue missed forecasts.