Analysts preview big bank earnings amid shifting outlook
Analysts expect relief rallies and generally good results as major U.S. lenders begin earnings season, with JPMorgan, Goldman Sachs, Wells Fargo and Citigroup among those reporting first.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Analysts on CNBC and other outlets previewed the upcoming big bank earnings, with JPMorgan, Goldman, Wells Fargo and Citigroup kicking off reports on Tuesday. RBC's Gerard Cassidy said AI buildout activity is driving loan growth.
Why it matters
Investors are watching whether banks can keep their recent momentum, with concerns rising about the bank outlook. Analysts expect relief rallies in bank stocks over the next few days.
Timeline
- Oct 12, 1:07 PM ET: Investor's Business Daily reported that JPMorgan, Goldman, Wells Fargo and Citigroup were due to kick off bank earnings Tuesday as the bank outlook shifted.
- Oct 12, 3:37 PM ET: Jefferies' David Chiaverini said he expected relief rallies from banks over the next few days.
- Oct 13, 4:53 AM ET: U.S. lenders were set to start earnings season later that day, and investors were questioning whether momentum would continue.
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