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As the Q4 earnings season kicks off, how will U.S. bank stocks perform?
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A new earnings season is about to begin, with U.S. bank stocks leading the way. Major banks including $JPMorgan (JPM.US)$ , $Citigroup (C.US)$ , Show More
A new earnings season is about to begin, with U.S. bank stocks leading the way. Major banks including $JPMorgan (JPM.US)$ , $Citigroup (C.US)$ , $Bank of America (BAC.US)$ , and $Wells Fargo & Co (WFC.US)$ are releasing their quarterly earnings this Friday, January 12th.

According to data from FactSet, analysts expect a 2.4% profit growth for the S&P 500 index constituents in the fourth quarter, marking the second consecutive quarter of positive growth.

The market will focus on several aspects of bank stocks:
1) The impact of the rapid decline in interest rates on the financial sector during the fourth quarter;
2) Credit conditions;
3) The outlook for 2024.

🎤Discuss:
What are your expectations? Can the performance of U.S. bank stocks set a positive tone for the start of the earnings season?
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