What to expect on Q1 Earnings Report by Citigroup & JPMorgan?

Q1 Earnings Season Takes the Spotlight: Will Bank Stocks Continue to Rally?

US earnings season kicks off with investment banks leading the charge on Wall Street.

Two major stocks you should pay attention to are Citigroup Inc., America’s oldest global bank, and JPMorgan Chase & Co, the largest financial services provider in the US. Both will report earnings before the market opens on Thursday, March 13.

US banking sector has rallied since Election Day on hopes Trump administration would take a softer regulatory stance and encourage the Fed to fast-forward its interest rate rise cycle.

But that uptrend has recently lost some momentum as traders are starting to lose faith in Trump’s ability to deliver on his campaign pledges.

JPMorgan Q4 report beat expectations with earnings per share of $1.71 on revenue of $24.33 billion.

Citi’s earnings for the previous quarter was above expectations ($1.14), but the company missed on revenue ($17.01 billion).