U.S. Banks Report Earnings: All About 4Q Guidance

The video discusses the third quarter financial expectations for major banks like JP Morgan, Citibank, and Wells Fargo, focusing on revenue, EPS, and net interest margins. Analysts predict modest changes with some growth in revenue and EPS for JP Morgan and Citibank, while Wells Fargo may see a decline. The discussion shifts to the future, emphasizing the importance of interest rates and loan growth in the fourth quarter, with a particular focus on the impact of rising mortgage rates.

What are the expected revenue changes for JP Morgan and Citibank in the third quarter?

What are the expected EPS figures for JP Morgan, Citibank, and Wells Fargo?

How do analysts view the future of banks compared to the past according to Richard Bove?

What notable trends are expected in loan growth for the big four banks?

What impact do rising mortgage rates have on US mortgages and banks' bottom lines?