Another bank earnings season is upon us. JPMorgan Chase will step up to the plate first, offering investors a sense of how lenders have fared over the past quarter amid a slowing economy.
Expectations for the sector are muddled, with analysts projecting banks to post an increase in net interest income due to rising rates while also preparing themselves for a downturn. The sector looks healthy overall: Big banks passed the Federal Reserve’s annual stress test last month. But Wall Street expects that profit—no longer buoyed by a robust deal making climate—will be under pressure.