The hope? That households and companies are borrowing less. Banks have an incredible amount of data on how much everyone’s spending, how much is going on credit cards or how much is being borrowed. That’s why Wall Street, regulators and the Federal Reserve pay so much attention to them when they report their financial results.
But banks touch practically every corner of the economy,” said Sheraz Mian, director of research at Zacks Investment Research.
“These are kind of boring financial utilities. And those phrases are euphemisms that can mean a lot, especially in banking. Big banks like Wells Fargo, JPMorgan, Citigroup and Morgan Stanley, along with consumer-driven businesses like PepsiCo, Delta Air Lines and Walgreens, will be among the companies reporting their quarterly earnings this week.Įarnings calls aren’t known for being theatrical experiences - think C-suite executives talking about “economic headwinds” or “wait-and-see” periods with monotone voices.
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