On April 11, some of the biggest U.S. banks will conduct earnings calls, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and The Bank of New York Mellon Corporation (NYSE:BK).
BofA Securities writes that banks will “likely strike a cautious tone” and focus on risks tied to policy uncertainties like tariffs and the Department of Government Efficiency (DOGE).
Major credit issues aren’t expected yet, but banks may start setting aside more reserves due to growing economic concerns.
Also Read: Financial Crime Weekly: Charlie Javice Convicted Of Fraud In JPMorgan Acquisition Case, Man Sentenced To 15 Years For Investment Fraud
Investors will watch for signs of consumer and corporate strength, particularly in investment banking and lending. They will gauge whether conditions will improve in the second half of 2025 or worsen further.
The analyst writes, “We see upside to our estimates driven by stronger trading revenues. Debt capital markets a potential silver-lining in an otherwise slow investment banking quarter. Seasonal decline in cards balances, muted commercial demand to temper loan growth. Steeper yield curve in early 1Q25 probably drives better NII growth for 1Q25.”
BofA revised JPMorgan’s price target from $285 to $284, $Citigroup Inc(C-N)$.’s (NYSE:C) from $90 to $89, Wells Fargo from $85 to $83, and Morgan Stanley from $150 to $144.
Read Next:
Image: Shutterstock
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。