(JPM) Will Better Weather Improve Profits for U.S. Banks?

It’s the weather. Whenever a weaker-than-expected economic report is released for a cold month, pundits always blame the weather. It’s become a cliché. So when the Department of Labor released its disappointing January jobs report earlier this month, market observers quickly pointed to the bitter cold and inclement weather as the problem. One surprising victim: the financial sector. The cold weather weakened the U.S. economy, at least for a time, indirectly creating headwinds for the financial sector’s ability to generate […]