Coming after a series of bank failures, the quarterly results indicate the sector’s financial condition and offer clues about the larger economy.
The big banks made big money.
First up: the biggest financial institutions. They’re likely to show strong results.
In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.
On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.
Banks are reporting increased lending to both consumers and businesses.
Remember: this economy is very unusual.
A strong stock market is giving banks a boost at the moment.
Quarterly earnings for big banks like Citigroup and JPMorgan Chase are beating expectations thanks to a soaring stock market.
Many banks are still expected to pay dividends to shareholders.