The Traderszone Network

Published in TZ Latest News 17 November, 2016 by The TZ Newswire Staff

This Economic Report Is Good News for Shares of Bank of America, Citigroup, and JPMorgan Chase

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Image source: iStock/Thinkstock.

The inflation data released today for the month of October could spur the Federal Reserve to raise interest rates at its meeting next month. If it does so, that’d be good news for shares of JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Citigroup (NYSE: C), as well as virtually every other bank in the country.

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