JPM - Banking majors BAC Citi and Wells Fargo set to open Wednesday financial earnings with focus on NII

While JPMorgan Chase (JPM), Goldman Sachs (GS) trade lower post earnings reported yesterday, banking stocks Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) are scheduled to announce Q2 earnings results on Wednesday, July 14th, before market open.While JPM and GS had reversal in credit loss, First Republic Bank (FRC) allocated $16M on loan growth.BAC: Consensus EPS Estimate is $0.76 (+105.4% Y/Y) and the consensus Revenue Estimate is $21.76B (-2.4% Y/Y).C: Consensus EPS Estimate is $1.88 (+276.0% Y/Y) and the consensus Revenue Estimate is $17.2B (-13.0% Y/Y).WFC: Consensus EPS Estimate is $0.91 and the consensus Revenue Estimate is $17.67B (-1.0% Y/Y).Over the last 2 years, BAC and C has beaten EPS estimates 88% of the time each while revenue estimates were beaten 63% and 88% of the time, respectively.While WFC has beaten EPS estimates 63% of the time in the past two years and has beaten revenue estimates 50% of the time.Citigroup executives have warned ahead of their earnings that its

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Banking majors, BAC, Citi and Wells Fargo set to open Wednesday financial earnings with focus on NII