Major banks are gearing up to share their fourth-quarter earnings, with key insights expected from Wells Fargo, Goldman Sachs, and BlackRock.
Last year was quite a ride for financial stocks, especially after the Fed started cutting interest rates. It all kicked off in October 2023, and things really heated up when Trump won the presidential race. The Fed kept cutting rates, which got everyone excited, but now, with bond yields rising, traders are wondering if the Fed went a bit overboard.
Now, as we look ahead, there are some big questions on everyone’s mind. For Wells Fargo, folks are curious about their net interest income and how they’re handling those pesky funding costs. They’ve been trying to diversify their revenue streams, which is smart, especially since they’ve been relying too much on interest-based income.
Goldman Sachs is also in the spotlight. Investors want to know how the deal-making scene is shaping up. With a new administration, there’s hope for more IPOs and mergers, which means more cash for Goldman. Plus, they’re looking to dive deeper into private credit, so we’ll see what they have to say about that.
And then there’s BlackRock. This will be their first earnings report since joining the portfolio, and everyone’s eager to see how their net new assets are stacking up. They’ve been on a buying spree, acquiring companies to boost their presence in growing markets.
So, it’s all about the numbers and what these banks have to say about their future. Let’s keep an eye on those earnings calls!
