Q2 2026 results: five major US banks report in one week, Citi top analyst pick

Herz — Business Desk · 14 July 2026 at 01:11 · 30s summary · 2 min read

What we know

The week of July 13, 2026 concentrates the release of Q2 2026 results from five of the six largest US banks. JPMorgan, Citi, Wells Fargo, Bank of America and Goldman Sachs will report their figures within hours of each other, according to Bloomberg.

Mike Mayo is head of US large-cap bank research at Wells Fargo Securities. This specialized research division issues recommendations and earnings forecasts for major US-listed banking institutions. Mayo designates Citi as his top choice among these banks.

Mayo anticipates a 15-20% year-over-year rise in overall sector profits. Two drivers are cited: the strength of Wall Street trading revenues—earnings from market-making activities and order execution for institutional clients at major investment banks—and growth in commercial lending.

Context

Citi is the commercial name of Citigroup Inc., an American financial services company based in New York, formed from the merger of Citicorp with Travelers Group on April 7, 1998, according to Wikipedia.

JPMorgan Chase is the largest bank in the United States, with total assets of $2.513 trillion. Formed from the merger of Chase Manhattan Bank and J.P. Morgan & Co. in January 2001, it operates in more than 60 countries.

What remains uncertain

The actual Q2 2026 results from the five institutions were not yet available at the time of publication. Mike Mayo's 15-20% profit growth forecast represents an analyst estimate, not a confirmed result. The specific reasons why Mayo prefers Citi to the other institutions were not included in available information.