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JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs are set to report earnings before the markets open Tuesday.

Investors are expecting that the five big banks saw strong revenue from trading equities and fixed income during the second quarter.

The SpaceX IPO drove surging fees for Goldman Sachs and Morgan Stanley, while commercial lending is showing signs of a turnaround and consumer credit is expected to remain resilient.

What you need to know:

• Here’s what to expect from JPMorgan
• Here’s what to expect from Wells Fargo
• It’s unusual for five megabanks to all report on the same morning
• Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility

13 Min Ago

Here’s what Bank of America is expected to report

Exterior view of a Bank of America branch on March 30, 2026 in Hanover, Maryland. Heather Diehl | Getty Images

Bank of America is set to report its second-quarter earnings results before the bell Tuesday. Here’s what the company is expected to post, based on a survey of analysts by LSEG:

• Earnings per share: $1.13 expected
• Revenue: $30.72 billion expected

Company executives will hold a conference call with analysts at 8:30 a.m. ET.

— Laya Neelakandan

27 Min Ago

Here’s what analysts are expecting from Wells Fargo

Wells Fargo & Company Chairman and CEO Charlie Scharf is interviewed during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. Chip Somodevilla | Getty Images

Wells Fargo, led by CEO Charlie Scharf, is scheduled to report second-quarter earnings before the opening bell Tuesday.

Analysts are looking for signs of business momentum after the Federal Reserve lifted a balance sheet restriction on the bank last year.

Here’s what Wall Street expects:

• Earnings per share: $1.72, according to LSEG
• Revenue: $21.84 billion, according to LSEG
• Net interest income: $12.39 billion, according to StreetAccount
• Provision for credit losses: $1.2 billion, according to StreetAccount

Company executives will hold a conference call with analysts at 10 a.m. ET.

— Hugh Son

39 Min Ago

Wall Street’s longest running saga: The race to succeed JPMorgan CEO Jamie Dimon

Co-CEOs of Commercial & Investment Bank at JPMorganChase, Troy Rohrbaugh and Douglas Petno.Courtesy: JPMorganChase

This will be the first chance that analysts have to directly ask JPMorgan CEO Jamie Dimon questions about succession planning after the sudden exit of Marianne Lake, who had been considered a top candidate.

As CNBC and others reported last month, Dimon expects to remain CEO for roughly three more years, though that timeline could change, according to two people with knowledge of his thinking. After that, he’ll spend some time as chairman.

Since Dimon has spent more than a decade saying that retirement was five years away, analysts will want to quiz him on how he’s thinking about the issue.

Meanwhile, Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since early 2024, are now the top contenders to succeed Dimon.

They were made co-presidents and were each awarded $30 million retention bonuses last month.

— Hugh Son

31 Min Ago

Here’s what analysts are expecting from JPMorgan

Jamie Dimon, CEO of JPMorgan Chase, departs the Capitol in Washington, Feb. 25, 2026.Graeme Sloan | Bloomberg | Getty Images

JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday.

JPMorgan, led by longtime CEO Jamie Dimon, is the biggest U.S. bank by assets and the largest in the world by market capitalization.

Here’s what Wall Street expects:

• Earnings per share: $5.78, according to LSEG
• Revenue: $50.19 billion, according to LSEG
• Investment banking fees: $2.82 billion, according to StreetAccount
• Trading revenue: Fixed income of $6.22 billion, equities of $3.89 billion, according to StreetAccount

Company executives will hold a conference call with analysts at 8:30 a.m. ET.

— Hugh Son

41 Min Ago

Five megabanks posting earnings on the same day? ‘It’s never happened before’

(L-R) Charles Scharf, CEO and President of Wells Fargo and Company; Brian Thomas Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; Jane Fraser, CEO of Citigroup; Ronald O’Hanley, CEO of State Street; Robin Vince, CEO of BNY Mellon; David Solomon, CEO of Goldman Sachs; and James Gorman, CEO of Morgan Stanley, testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC.Win Mcnamee | Getty Images

For more than four decades, Portales Partners analyst Charles Peabody has covered bank earnings.

In all that time, there’s never been a bank earnings day as crowded as today, he said.

Oftentimes, JPMorgan, Citigroup and Wells Fargo will report on the first day of earnings week, followed by Bank of America, Goldman Sachs and Morgan Stanley on subsequent days, he said.

His theory: Banks are rushing to disclose robust earnings.

“It’s never happened before,” Peabody told CNBC. “You’re assuming there’s going to be really good news out of those banks” that pushed their earnings dates ahead.

Still, it doesn’t make the job of covering banks any easier.

“You’re not going to get a lot of deep analysis on Day 1,” Peabody said. “We’ll need more time.”

— Hugh Son

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