Wall Street Week Ahead: Big banks to report first-quarter results with lowered expectations
Updated : April 05, 2019 10:10 PM IST
On Friday, April 12, JPMorgan Chase & Co and Wells Fargo & Co will post results to begin the earnings season in earnest. Citigroup Inc and Goldman Sachs Group Inc will report the following Monday, followed by Bank of America Corp and Morgan Stanley on Tuesday.
In the wake of the Federal Reserve's cautious shift due to signs of softness in the US economy and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting year-on-year first-quarter earnings growth of 2.3 percent, down from 8.2 percent forecast six months ago, according to Refinitiv data.
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