Big Bank Profits Expected to Climb as Credit Concerns Ripple Across Wall Street
Analysts expect the four biggest U.S. banks to tell shareholders this week that their profit and revenue rose from a year earlier, even as investors voice concerns over credit quality and lending standards that two high-profile corporate bankruptcies highlighted this fall.
JPMorgan Chase, Citigroup, and Wells Fargo are set to release their third-quarter earnings results on Tuesday. Bank of America’s numbers are due the following morning.
Wall Street is calling for all four lenders to report higher net income.
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