Major U.S. banks including JPMorgan Chase, Goldman Sachs, Wells Fargo and Citigroup will report quarterly results next Tuesday, with Morgan Stanley and Bank of America following on Wednesday. Bank earnings are expected to grow approximately 10%, while the S&P 500 is forecast to post 29.6% earnings growth in the third quarter, potentially rising to 35% if companies broadly beat estimates. This earnings season comes as U.S. Treasury yields hit their highest levels since 2002, with investors seeking signals on consumer health and lending activity. Key macroeconomic data due next week will also be closely watched, including the September consumer price index expected at 3.6% year-over-year, up from 3.4% previously.
Source: Read the original article
