What to Watch for When U.S. Banks Deliver Look at Virus Impact
- Investors to scrutinize loan-loss provisions, trading revenue
- Forecasts for rest of year amid pandemic are also being eyed
A temporarily closed Wells Fargo & Co. Bank branch in New York.
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Investors in U.S. banks get their first look this week at how the coronavirus pandemic will impact the biggest firms’ loan-loss provisions, trading revenue and guidance for full-year earnings.
JPMorgan Chase & Co., Wells Fargo & Co., Bank of America Corp. and Citigroup Inc. will report earnings this week, as will investment banks Goldman Sachs Group Inc. and Morgan Stanley. Smaller regional lenders follow next week. Shareholders will be paying close attention to how the companies are managing their balance sheets, given the pain Covid-19 is causing for households, businesses, markets and the overall economy.