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Bank Earnings: What to Expect from JPMorgan, Wells Fargo, and Citigroup

Here are some themes to keep an eye on: Loan Business/Yield Curve The first half of 2018 has been weak for bank stocks, with the Financial Select Sector SPDR Fund (XLF) posting a negative return of -2.56% compared with a 4.82% return for the Standard & Poor's 500, according to FactSet. First-quarter results were strong, however, thanks largely to earnings growth from increased trading volume and tax law benefits that propelled most banks to exceed both top and bottom line estimates. Trading Volume Market volatility and trading volume decreased in the second quarter from the first three months of 2018, but remained higher than they were in the same period last year.