Bank Earnings To Reflect Quick Economic Shifts

Dow Jones Institutional News – 

As the pandemic drags on, what does the new normal for banks look like? Investors are about to get some answers.

Big U.S. banks are set to unveil fourth-quarter results, with JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. slated to report Friday.

Banks in the S&P 500 are expected to report total profits of about $31.2 billion for the quarter, according to FactSet. That would mark a 2.4% decline from a year earlier.

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