Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.
That means analysts have been revising their earnings estimates — lowering them — to incorporate rising costs for deposits, as well as new information about banks’ plans to repurchase shares (or not) after…
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