There are high expectations for ASX banks ahead of next month’s reporting season and the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price could be a standout.
Banks in the US have posted around 14% year-on-year growth in trading income for the first quarter of calendar 2020.
US profits bolstering earnings expectations for ASX banks
This is a significant indicator for ASX banks. Trading and markets income are one of the most…