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Big banks kicking off new earnings season: Will the rally continue?
Major banks, including $JPMorgan (JPM.US)$ , $Wells Fargo & Co (WFC.US)$ , and $Citigroup (C.US)$ , will kick off a new earnings season on July 12 Show More
Major banks, including $JPMorgan (JPM.US)$ , $Wells Fargo & Co (WFC.US)$ , and $Citigroup (C.US)$ , will kick off a new earnings season on July 12. $Bank of America (BAC.US)$ will also release its earnings next Tuesday.

As the Fed has increased interest rates, these four major American banks have significantly benefited from the higher rates. Since the last earnings reports, the stock prices of the big four lenders have all increased, with the highest rise at 15.92% and the lowest at 6.23% as of July 9, 2024. Moreover, their stock prices have surged over 20% this year.

Now, the concern is when the Federal Reserve will decide to cut interest rates and, after the rate cuts, how these banks will adjust their guidance for net interest income, which is one of the most critical and closely monitored metrics. The upcoming earnings releases are likely to provide investors with valuable information.

🎙️Discussion: What are your thoughts on the future of bank stocks? Will a rate cut be a significant concern?
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