According to UBS analyst Erika Najarian, five major Wall Street banks will report their second-quarter earnings before the market open on Tuesday (July 14), with combined trading revenue expected to reach approximately $39 billion. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will announce results, followed by Morgan Stanley on Wednesday.
Goldman Sachs faces the largest challenge among peers, Najarian noted, with single-quarter equity trading revenue projected to exceed $5 billion. The earnings announcements are expected to be driven by elevated market volatility and landmark transactions including SpaceX's IPO.