(Bloomberg) — Fresh off their best quarter since 2021, banks stocks are set for a high-stakes earnings showdown as Wall Street’s most influential executives give investors their latest take on the US economy.
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JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. kick off the reporting cycle for Corporate America on Friday, after a gauge of US bank stocks gained 23% last quarter, trouncing the broader market.
Bank shares were under pressure for much of 2023, and then surged starting in late October as confidence built that the Federal Reserve would end its rate-hike campaign without triggering a recession. Now the focus is on the timing of policy easing, and investors will scrutinize what that means for all corners of the lenders’ business, from the health of their loan portfolios to the outlook for deposit rates.
“Banks are…
