It’s the second week of April, which means spring is in the air and daffodils, cherry trees and lilacs are blooming. Here at Marketplace, it also means earnings season is starting.
Corporate profit-and-loss reports for the January-to-March quarter kicked off in earnest Wednesday with Delta Air Lines, which did quite well. Revenue rose 6% and earnings per share nearly doubled from a year ago.
The first sector to report en masse is mega-banks: JPMorgan Chase, Wells Fargo and Citigroup on Friday, Goldman Sachs on Monday, Bank of America and Morgan Stanley on Tuesday.
So, what do they have in store? And what’s it say about the economy, interest rates and the all-important American consumer?
Banks are kind of like economic diagnosticians. They assess the health of companies and consumers as they take in deposits, lend money on credit cards and…
