JPMorgan Chase, Citigroup and Wells Fargo reported second-quarter earnings on Tuesday, opening the US bank reporting season as Wall Street assessed the Federal Reserve's timing for interest-rate cuts. Analysts expected trading and investment-banking gains to support results across the sector.

JPMorgan, the largest US bank by assets, was projected to post resilient net interest income despite pressure from a cooling labour market and expectations of easing rates. Chief executive Jamie Dimon was expected to comment on consumer health, tariffs and credit conditions during the earnings call.

The results followed the release of US Consumer Price Index data on Tuesday morning, which shaped market bets on whether the Fed would cut rates at its next meeting. Bank executives have repeatedly flagged uncertainty over tariff-driven inflation and its effect on loan demand and deposit costs.

Citigroup, under chief executive Jane Fraser, was expected to report progress on its restructuring, while Wells Fargo focused on loan growth after the removal of its Federal Reserve asset cap. Trading desks across the sector likely benefited from volatility tied to trade policy and shifting rate expectations.

Investors treated the bank results as an early gauge of corporate and consumer strength heading into the second half of 2026. Strong trading revenue and stable credit quality were seen as the key signals analysts would use to reassess full-year guidance.