Banks mixed as earnings season starts
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 14 April 2026
⏱️ 3 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.9 | Good afternoon. Today is Tuesday, April 14th, and I'm your host, Kim Kahn. Our top story so far. |
| 0:15.9 | Earning season kicked off in earnest with mixed results from the big banks. J.P. Morgan Chase |
| 0:20.4 | trimmed its |
| 0:21.0 | 2026 firm-wide net interest income guidance, the Q1 earnings and revenue topped estimates, |
| 0:26.3 | helped by broad business growth and lower provision for credit losses. The Citigroup, by contrast, |
| 0:31.6 | reaffirmed its 2026 NII Outlook and also posted Q1 earnings and revenue beats, driven by |
| 0:37.4 | strength in markets |
| 0:38.1 | and wealth. |
| 0:39.1 | Wells Fargo missed expectations on both NII and revenue. |
| 0:42.6 | One analyst said a higher-for-longer rate environment should eventually stabilize net interest |
| 0:46.7 | margins, but that improvement has yet to show up in the numbers and could weigh on the |
| 0:50.7 | stock. |
| 0:51.7 | Outside of the banks, Johnson & Johnson raised full-year guidance |
| 0:54.4 | after better than expected Q1 results, |
| 0:56.6 | supported by cancer drug sales. |
| 0:58.3 | Though revenue from its Crohn's therapy continued to decline, |
| 1:01.2 | the company also increased its quarterly dividend |
| 1:03.1 | to 134 a share from 130. |
| 1:05.7 | On the economic front, wholesale inflation in March |
| 1:08.2 | came in softer than expected, |
| 1:10.0 | potentially reflecting that the producer |
... |
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