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Business
Q2 2026 results: five major US banks report in one week, Citi top analyst pick
Business Desk · · 30s summary · 2 min read
The essentials
The week of July 13, 2026 marks the start of major US bank earnings season: JPMorgan, Citi, Wells Fargo, Bank of America and Goldman Sachs will report second quarter results within hours of each other. Mike Mayo, head of large-cap US bank research at Wells Fargo Securities, designates Citi as his top pick among these institutions, according to Bloomberg. He anticipates a 15-20% year-over-year rise in sector profits, driven by Wall Street trading revenues and commercial loan growth.
- Five of the six largest US banks release Q2 2026 results during the week of July 13
- Mike Mayo of Wells Fargo Securities picks Citi as his top choice among major banks
- US bank profits expected to rise 15-20% year-over-year in Q2 2026, according to Mayo
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.
+15 to +20%
Expected rise in US bank profits year-over-year in Q2 2026, according to Mike Mayo (Wells Fargo Securities)
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.
Which banks release their results the week of July 13, 2026?
JPMorgan, Citi, Wells Fargo, Bank of America and Goldman Sachs—five of the six largest US banks—release their Q2 2026 results within hours of each other.
What is Citi?
Citi is the commercial name of Citigroup Inc., an American financial services company based in New York, formed in 1998 from the merger of Citicorp and Travelers Group.
What does a 15-20% year-over-year profit increase represent?
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