bank earnings

While big banks reported blockbuster quarters driven by trading revenue and investment fees, regional lenders — which focus on traditional deposit-taking and lending — are about to give a different read on the economy.

Banks are making money on the AI and stock market boom, whether by directly financing companies, facilitating stock trades, or managing IPOs.

The word “resilient” came up in multiple earnings calls this week.

Coming after a series of bank failures, the quarterly results indicate the sector’s financial condition and offer clues about the larger economy.

The big banks made big money.

First up: the biggest financial institutions. They’re likely to show strong results.

In the face of high inflation, rising interest rates and a slowing global economy, banks are setting aside reserves — just in case.

On Friday, Bank of America, Citigroup, Wells Fargo and JPMorgan Chase will post earning reports. Parts of their business struggled in the fourth quarter.

Banks are reporting increased lending to both consumers and businesses.

Remember: this economy is very unusual.