Finance
Bank Earnings to Give Stock Market Key Read on Health of Economy
- JPMorgan, Wells Fargo kick off reporting season on Friday
- Bank shares are up more than 20% this year, on par with S&P
Banks provide a good read on the state of both consumers and other companies, making their quarterly reports a crucial part of the earnings season.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Wall Street is poised for a glimpse into the outlook for the biggest US banks as the Federal Reserve starts dialing back interest rates and uncertainty continues to shadow the economy.
JPMorgan Chase & Co. and Wells Fargo & Co. kick off the the quarterly earnings-report cycle on Friday, followed by Citigroup Inc., Morgan Stanley, Goldman Sachs Group Inc., and Bank of America Corp. next week.