US Banks Brace for Earnings Recession Amidst COVID Lockdowns.
TL;DR Summary
JPMorgan, Wells Fargo, BlackRock, and Citigroup are set to announce their Q1 results on April 14. Investors are keen to see how these financial institutions responded to the regional banking crisis that occurred in early March. The banks releasing their results this week account for about 15% of the Financial Select Sector SPDR Fund XLF, and the financial sector and broader market are expected to see significant price actions in response to banks' quarterly results.
- US Banks Earnings Preview: All Eyes On JPMorgan, BlackRock, Citigroup, Wells Fargo Q1 Reports - JPMorgan Chase (NYSE:JPM) Benzinga
- The earnings recession is about to begin Yahoo Finance
- Analysts are bracing for the worst earnings decline since the first wave of COVID lockdowns Fortune
- JPMorgan Chase, Well Fargo, and Other Banks Report Earnings Soon. What to Watch. Barron's
- Earnings will probably disappoint but investors are positioned for that, strategist says CNBC International TV
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