Rising profits should lead to 'milestone' soon: Analysts
(NEWSER) - America’s top banks are expected to report yet another quarter of profits, putting them in prime position to start paying dividends again, analysts tell the New York Times . JPMorgan got things rolling today by reporting a 47% increase in profits, notes the Wall Street Journal . It will be followed by Bank of America, Citigroup, Goldman Sachs, and Wells Fargo next week. Analysts expect their combined 2010 profits to come in at around $70 billion, up from $12.5 billion in 2009. More»
