The Week Ahead: Big Banks Kick Off First-Quarter Earnings
J.P. Morgan Chase, Citigroup, Wells Fargo, and PNC are due Friday. Plus, the consumer price index on Wednesday.
Jeremy Glaser: The volatility that marked the first quarter of 2018 continued apace last week as the prospect of a trade war weighed. We'll see if that focus shifts as first-quarter earnings seasons kicks off this week.
Large banks, including J.P. Morgan Chase, Citigroup, Wells Fargo, and PNC are all due on Friday. Morningstar bank analyst Jim Sinegal recently wrote an outlook for the sector, and he says there are four key themes he expects to play out this year. First is higher loan growth; the second is more expense savings; third, flat regulatory burden spending; and finally, continued but measured rate hikes. He sees the near-term outlook as positive but doesn't see many values in the space.
Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.