Story perspectives

Five of Six U.S. Banks Beat 2026 Forecasts

7/14/2026

Summary

US Banks Beat

U.S. banks will release 2026 earnings this week, five before market open Tuesday and Morgan Stanley Wednesday.
Freedom Capital Markets analyst Jay Woods says five of the six banks beat EPS and revenue forecasts.
Year-to-date shares rose 20.7% at Citigroup and fell 6.5% at Wells Fargo, while the six banks represent 30.4% of the State Street Financial Sector Exchange-Traded Fund (ETF) and 15.7% of the Dow Jones Industrial Average ETF.

Summary

US Banks Surge

Federal Reserve (Fed) held its benchmark rate at 3.50%-3.75%, widening banks’ net interest margins.
Trading revenue may rise >15% as AI volatility, the U.S.–Iran war and the SpaceX IPO stir markets, while banks underwriting the IPO earned $500 million in fees.
Investment-banking revenue jumped 24% in H1 2026 to $61.4 billion, with JPMorgan projecting $51.3 billion (+14.2% YoY), Bank of America $30.7 billion (+16.2%), Goldman Sachs $16.4 billion (+12.4%) and Citi $23.7 billion (+10%).

1 of 2

US Banks Beat

U.S. banks will release 2026 earnings this week, five before market open Tuesday and Morgan Stanley Wednesday.
Freedom Capital Markets analyst Jay Woods says five of the six banks beat EPS and revenue forecasts.
Year-to-date shares rose 20.7% at Citigroup and fell 6.5% at Wells Fargo, while the six banks represent 30.4% of the State Street Financial Sector Exchange-Traded Fund (ETF) and 15.7% of the Dow Jones Industrial Average ETF.

1 / 2