U.S. Banks Q2 2026 Earnings Start July 14

U.S. banks begin reporting second-quarter 2026 earnings Tuesday, July 14, with JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Citigroup scheduled to release results. Analysts expect strength in capital markets and trading, supported by higher interest rates boosting net interest income, while credit-loss provisions and deposit costs remain key areas of focus.

Reporting Schedule and Timing

Wells Fargo & Co. will announce its Q2 2026 results at approximately 7:00 a.m. Eastern time on July 14, according to a company press release. JPMorgan Chase, Bank of America, Goldman Sachs, and Citigroup are also set to report that day, with Morgan Stanley scheduled for the following day.

Earnings Drivers and Analyst Expectations

Analysts project investment banking revenue and trading as the main sources of upside. One set of estimates forecasts investment banking revenue for the group about 26.0% higher year on year and trading revenue about 14.0% higher. This strength is linked to renewed IPO and M&A activity, including the SpaceX IPO, and elevated market volatility from geopolitical tensions in the Middle East, which have increased deal flow and trading volumes.

Higher-for-longer interest rates are expected to support net interest income by improving lending margins, though loan demand remains sensitive to rate levels. Credit-loss provisions, which represent reserves for potential loan defaults, and rising deposit costs are closely watched for signs of consumer credit stress and margin pressure.

Consensus estimates place JPMorgan’s Q2 earnings per share (EPS) at about $5.67 on roughly $50.5 billion in revenue, with a consensus range near $5.44 to $5.61. Goldman Sachs is forecast to report EPS between $14.01 and $14.47, with investment banking fees expected to rise about 32.3% year on year.

Goldman Sachs serves as a key indicator of dealmaking strength due to its limited consumer lending and heavy capital markets focus. In Q1 2026, Goldman’s investment banking fees rose 48.0% to $2.8 billion, driven by mergers and equity underwriting. Its equity trading desk is projected to generate more than $5.0 billion in revenue. JPMorgan’s fixed income, currencies, and commodities trading is modeled to increase about 10.0% year on year, compared with roughly 6.0% and 2.0% for Goldman Sachs and Citigroup, respectively.

Beyond capital markets, net interest income and fee income could support some banks’ results. For example, models suggest these factors may boost Wells Fargo’s earnings. However, rising deposit costs and higher transaction fees, especially amid strong Asian markets, could offset trading gains and compress margins.

Bank of America research anticipates that all eight major banks it covers will exceed both its own and consensus EPS forecasts. Analysts cite strong capital markets activity, resilient U.S. economic conditions, and improving wealth management flows as factors likely to support upward earnings revisions into the second half of 2026 and fiscal 2027.

No new regulatory filings, capital rule changes, M&A approvals, or enforcement actions linked to the banks’ Q2 reports have emerged in the past 72 hours.