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Wall Street Banks to Report Results in Harbinger of Bond Sales

  • Bank bond sales pace is expected to slow down, BI says
  • Blue-chip issuance of $15 billion to $20 billion is possible
The JP Morgan Chase headquarters in New York.

The JP Morgan Chase headquarters in New York.

Photographer: Michael Nagle/Bloomberg

Earnings season is gearing up again, and that usually means debt issuance from the largest US banks is coming.

JPMorgan Chase & Co. and Morgan Stanley are set to report second quarter earnings on Thursday, followed by banks including Citigroup Inc. and Wells Fargo & Co. Friday. While some level of issuance is expected, it would be tough to beat the supply from the financial giants seen in the last two quarters.