Major banks are set to kick off the second-quarter earnings season this week. Investors will look at the big bank’s earnings closely as they reassess the impact of the expected economic slowdown in the upcoming months.
This year, the market has witnessed a broad-based sell-off due to investors’ concerns over surging inflation, rising interest rates, and a potential recession. The S&P 500 posted its worst first-half in over five decades. However, earnings guidance has remained mostly unchanged.
