Earnings Outlook
Analysts have been cutting profit estimates with JPMorgan Chase and other big banks providing Q1 results on Friday, April 14
Bank stocks got clawed by the bear in the first quarter after Silicon Valley Bank collapsed in early March.
Universal Pictures via AP
JPMorgan Chase & Co. kicks off what could be the most closely-watched earnings reporting season in more than a decade on Friday, April 14, after the U.S. largest bank collapse since the 2008 financial crisis, sharp drops in bank stocks, and recessionary signals in the bond market rocked the sector during the quarter.
The seismic changes absorbed by banks in recent weeks included a potential overhaul of the insured deposits system, a rush of deposits out of regional banks to big banks, and heavy borrowing from the Federal Reserve’s…
