Wall Street Breakfast Big banks kick off earnings
14 snips
Jan 11, 2026 Big banks are gearing up to report Q4 earnings, with JPMorgan leading the charge. December's CPI is under the microscope, especially regarding its impact on shutdown distortions. In a surprising twist, Trump proposes a 10% cap on credit card interest rates, facing pushback from banks. Additionally, Michael Burry's bearish position on Oracle raises eyebrows due to the company’s cloud strategy and debt issues. Plus, income investors can look out for upcoming dividend dates from major firms.
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JPMorgan Could Set Market Tone
- JPMorgan's Q4 report could set the tone for bank-sector rotation or a broad de-risking sell-off.
- Watch earnings dispersion, headcount, productivity, and AI benefits as potential catalysts, per Kim Kahn quoting Luca Saatchi.
December CPI To Reveal Shutdown Effects
- December CPI will test whether November's shutdown distortions unwind and push core goods higher.
- Economists expect headline and core CPI to tick to 2.7% year-on and see shelter resuming its pre-shutdown trend slowly.
Prepare For Credit-Rate Policy Risk
- Monitor policy proposals like Trump's capped credit-card rates for their market and credit-access implications.
- Anticipate bank opposition and potential shifts toward less-regulated credit alternatives if caps were enacted.