Bank Earnings Are Here and the Big Three Are Ready to Party — But Credit Cracks Are Crashing the Guest List
Bloomberg's earnings preview, a V-shaped chart rally, and a macro backdrop involving oil shocks and war — no pressure, bank bros
Ticker Ratings
Bank earnings week is here, and the financial internet is basically one giant pregame show. Bloomberg Podcasts broke down what to expect: $JPM is projecting ~15% growth in both trading revenues and investment banking for Q1, which is the kind of number that makes Wall Street analysts briefly put down their lattes. Meanwhile, $WFC is getting treated like a comeback kid — the asset cap removal is finally showing up in balance sheet growth, and the bulls are fully locked in on the lending and trading asset expansion story.
$C is the wildcard. Regional restructuring chatter is circling on X, and sentiment is more 'wait and see' than 'back up the truck.' The macro headwinds are real: energy costs are up, commercial lending stress is building, and IPO backlogs remain gummed up from market volatility. TheChartGuys are 70% bullish on a V-shaped recovery with semiconductors leading — but software staying weak is the canary in the coal mine that nobody wants to hear singing.
With gas prices up 40% since the war started and inflation printing 0.9% month-over-month, the Fed is quietly querying banks about private credit exposure — which is either totally fine or the opening scene of a disaster movie, and we won't know which until earnings actually land.