"Banks Brace for Impact: Challenges and Warnings Amid Shifting Financial Landscape"

JPMorgan Chase, Citigroup, and Wells Fargo have reported their Q1 earnings, with all three banks surpassing earnings estimates. JPMorgan's net interest income missed analyst estimates, leading to a stock decline, while Citigroup's revenue declined from the prior year but increased from Q4, reflecting a year of transformation. Wells Fargo's net interest income fell below expectations, and the bank reiterated a potential 7-9% decline in net interest income for the year, with concerns about deposit flight and higher expenses. The banks' performances in different sectors are impacting their overall results in the current higher interest rate environment.