JPMorgan Chase and Citigroup are scheduled to report on Tuesday, October 13, setting the tone for the sector. Bank of America is scheduled to report on the morning of October 14. Investors are focused on lending trends, net interest income, and trading desk performance.
Analysts are watching whether growth in net interest income can offset an expected decline in investment banking fees. They forecast Bank of America will report earnings of around $1.11 per share. They expect revenue of approximately $30.6 billion.
The report follows the Federal Reserve’s recent interest rate hike. Investors are scrutinizing how banks manage deposit costs as loan yields rise.