Major U.S. banks are due to release second-quarter results Tuesday morning, giving investors a window into how investment bankers, trading desks, consumer-banking businesses, and wealth-management arms fared during the volatile second quarter.
Three of the country’s four largest lenders—JPMorgan Chase, Wells Fargo, and Citigroup—in addition to BNY and State Street, two major banks in the businesses of custody and asset management, will report before the market opens.
Wall Street generally expects the firms to post higher revenue and profits than they did a year ago. Investors will listen for executives’ guidance about dealmaking, trading, consumer behavior, and the broader economic outlook.
