The coming week is marked by the quarterly figures of major US banks, which traditionally kick off the earnings season for the second quarter. These figures are particularly relevant as they provide important insights into the financial situation and economic development, and thus can also impact global markets, including the DAX.
Key Points for the Week Ahead
- US banks will report their Q2 results next week, including JPMorgan Chase, Bank of America, Wells Fargo, and Goldman Sachs. The reports are expected on July 15 and 16.
- Due to Trump’s tariff announcements in April (“Liberation Day”), many US banks were able to benefit from increased trading volumes. Analysts therefore expect overall good figures with rising profits and few loan defaults.
- The positive development at the banks could be an indicator that the US economy remains robust despite global uncertainties from trade conflicts.
- JPMorgan Chase is also planning new fee models for financial technology companies regarding access to their customers’ bank account information – an aspect that investors should also closely monitor.
- On a global level, especially large technology companies (“Glorious Seven”) significantly benefited in the second quarter with returns of around 18.6%, which, along with a market recovery, has created a positive sentiment. This could have a supportive effect on European markets like the DAX.
Conclusion
The release of the quarterly figures from major US banks in the coming week is an important barometer for the economic situation in the USA. Good results could strengthen confidence in the stock markets and thus provide positive impulses for the DAX. Investors should particularly pay attention to trading volumes and new business strategies like those at JPMorgan.