Megabank Earnings Day: JPMorgan, BofA, Citi, Wells Fargo and Goldman Report Together

Five megabanks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs—are set to report earnings before the market opens in a rare same-day release, with investors counting on strong trading revenue and a resilient consumer backdrop; Goldman and Morgan Stanley benefited from SpaceX IPO fees, while JPMorgan, BofA and Wells Fargo are expected to post solid results across trading, net interest income and lending. Goldman is forecast to post about $14.48 per share on roughly $16.13 billion in revenue, JPMorgan about $5.78 on $50.2 billion in revenue, Bank of America about $1.13, and Wells Fargo about $1.72, with analysts also noting the unusual five-bank timing and questions about Jamie Dimon’s succession.