"Bank Earnings Preview: Market Expectations and Impact on Stock Prices"
Major US banks, including JPMorgan, Citigroup, Wells Fargo, and Bank of America, are set to kick off the 4Q 2023 earnings season with expectations of positive revenue growth, except for BAC which is expected to show negative top-line growth and the biggest earnings per share decline. Falling bond yields may ease funding costs for banks, while the impact on net interest income and validation for a soft landing scenario will be closely watched. Improved risk environment may support investment banking and wealth management activities, with technical analysis showing JPMorgan's share price near a record high, Bank of America showing signs of upward momentum, and Goldman Sachs breaking out of a descending triangle pattern.