US Banks Prepare for Earnings Season Amid Tariff-Driven Trading Gains
As the earnings season kicks off, major US banks, including JPMorgan Chase, Citi, and Goldman Sachs, are set to unveil their quarterly results, benefiting from a surge in trading revenue due to recent market volatility driven by tariffs. Analysts anticipate that the banks will report a combined $26 billion in trading revenue in the second quarter. Despite a challenging investment banking environment, the overall earnings outlook remains modestly optimistic as financial institutions aim to navigate the turbulent economic landscape and capitalize on enhanced trading activity. Investors will be closely watching how these earnings reports impact stock performance and overall market sentiment, especially as bank CEOs address the implications of tariff turmoil during their calls.
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