"Banks Brace for Declining Profits in Q1 Earnings Report"

Big banks like JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America are expected to report lower first-quarter profits compared to the same period last year, due to slower loan demand and mounting troubles for some borrowers. However, investors seem more interested in how these banks will perform for the rest of 2024, especially in light of changing expectations of interest rate cuts by the Federal Reserve. The stocks of these big banks have been climbing this year, outperforming major indexes, and investors are looking for predictions of more profits for the rest of the year. Meanwhile, regional banks are expected to struggle more if the Fed keeps rates higher for longer, facing challenges such as higher deposit costs and exposure to commercial real estate loans.