Banking Giants Brace for Challenging Q1 Earnings Season.
TL;DR Summary
America's largest banks, including JPMorgan Chase, Citigroup, Wells Fargo, and PNC, are set to report their first-quarter earnings on Friday, followed by Bank of America and Goldman Sachs next week. Investors will be examining everything from deposits to loans for signs of stress, as rising interest rates are having an effect on everything from deposits to assets. The banks are expected to show increases in revenue and profit for the first quarter, compared with the year-ago period, in a demonstration of their resilience. However, concerns remain about deposit outflows, slimming margins, slowing loan volumes, and tighter regulations.
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