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Will Main Street Banks Outshine Wall Street In Q1 2024 Earnings?

A bustling week of key economic events with two inflation reports will culminate in a flurry of earnings releases from top U.S. banks, offering crucial insights into the state of the economy and the health of U.S. consumers and firms. On Friday, investors will scrutinize the first-quarter financial results from major financial institutions such as JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc. (NYSE:C) and State Street Corp. (NYSE:STT). These earnings releases will pave the way for next week’s reports from Goldman Sachs Group Inc. (NYSE:GS) and Charles Schwab Corp. (NYSE:SCHW) on Monday, followed by Bank of America Corp. (NYSE:BAC) and Morgan Stanley (NYSE:MS) on Tuesday. What are the key expectations for first-quarter 2024 earnings reports from major U.S. banks? Q1 2024 Bank Earnings: What Market Consensus Expects According to the Benzinga Pro platform, the consensus among median Wall Street analysts are the following estimates for ...