U.S. — JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo are scheduled to report second-quarter earnings on Tuesday, July 14, 2026. The June Consumer Price Index (CPI) report is also scheduled for release that same day, adding macroeconomic context to the banks’ financial updates.

JPMorgan Chase CEO Jamie Dimon is set to lead his company’s earnings conference call on Tuesday. His appearance comes after he received a special retention award valued at more than $280 million, a figure that has drawn attention ahead of the earnings release. Dimon, an American banking executive who has served as chairman and CEO of JPMorgan Chase since 2006, leads one of the largest U.S. banks, headquartered in New York City and incorporated in Delaware.

Other major banks will also hold earnings calls Tuesday. Goldman Sachs’ call is scheduled to begin at 9:30 a.m. ET, while Wells Fargo’s is set for 10 a.m. ET. Later in the week, Morgan Stanley and Bank of New York Mellon are scheduled to report on Wednesday, followed by Regions Financial and Fifth Third Bancorp on Friday.

Analysts are watching the earnings reports against a backdrop of strong recent performance in bank stocks. Bank of America and JPMorgan Chase shares reached all-time highs in early July, while Goldman Sachs, Morgan Stanley, and Citigroup stock prices hit record levels in late June. The positive momentum follows a surge in investment banking activity, including the initial public offering of SpaceX, which Goldman Sachs led. That IPO generated $500 million for participating banks.

“You saw the largest IPO in history, a pace of mergers that's on track to be a record year, and a broadening out of trading to include equity and fixed income across myriad geographies,” said Mike Mayo, Wells Fargo analyst. “There's not much more you can ask for.” He added, “Demand is back as companies treat the uncertainty as the new normal and build that new factory, invest in plants and get on with business.”

Other analysts expressed caution about expectations. “We know the quarter's going to be strong, so I think the question that you ask yourself is around sustainability, right?” said KBW analyst Chris McGratty. “Is it all sustainable?” He also noted, “Banks are doing a good job these days of capturing the upside of volatility, whereas in previous cycles, they've been caught offsides.”

HSBC analyst Saul Martinez offered a measured outlook: “We think the fundamental backdrop for banks is good.” However, he added, “The quarter itself, while it could be good, I don't know that it's something that recalibrates people's expectations materially higher than what they are today.”

Macroeconomic indicators may influence how markets interpret the earnings results. Wells Fargo stated, “Taken together, June's CPI report should point to some slowing in underlying inflation,” and added, “The broader data do not suggest inflation pressures are re-accelerating across the economy.” Additional context comes from global developments: Brent crude oil prices are below $80 per barrel, and tensions between the United States and Iran have slowed commercial shipping through the Strait of Hormuz.

Academic commentary also sheds light on bank earnings drivers. “The big money maker for investment banks in IPOs is not the bankers' fee, but the ability to allocate shares to hedge funds and some active mutual funds that pay soft dollars,” said Jay Ritter, professor emeritus of finance at the University of Florida.