Banks are set to report their first-quarter earnings on Friday, and investors are watching closely for signs of financial strain.
The big banks – JPMorgan Chase & Co., Wells Fargo & Co., and Morgan Stanley – will kick off the earnings season amid market uncertainty surrounding the Trump administration’s tariffs and concerns about a US recession.
As major players in the financial sector, these banks have been affected by the recent carnage in the stock market. Their performance will be crucial in determining whether the economic downturn is spreading.
The banks’ earnings reports may provide early indicators of financial strain, making them an important gauge for investors. As the largest agents of financial transactions, their results will be closely watched to see if they are signaling a broader recession.
Source: https://www.marketwatch.com/story/is-a-recession-looming-big-banks-earnings-could-be-an-early-indicator-of-financial-strain-6138fb47