Bank Earnings Preview- A Primer for JPM, C, and WFC

Banks are set to kick off the Q2 earnings season in earnest on Friday, with industry giants JP Morgan ($JPM(JPM)), Citigroup ($C(C)), and Wells Fargo ($WFC(WFC)) leading the charge. These earnings reports will provide a critical early read into the health of the economy, as investors closely monitor consumer spending habits across both commercial and residential sectors. Key metrics such as loan growth will offer insights into economic growth and demand, while the performance of credit cycles will be scrutinized for signs of rising delinquencies in response to high interest rates. The financial sector, which has seen a year-to-date rise of 10%, has been the third best performer, trailing behind the Technology sector's 30% increase and the 26% gain in Communication Services.