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Tom Essaye Chats About Bank Earnings with Yahoo Finance

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Tom Essaye chats about bank earnings with Yahoo Finance

JPMorgan, Wells Fargo, BlackRock: Bank earnings takeaways

JPMorgan (JPM), Wells Fargo (WFC), Citi (C), and BlackRock (BLK) continued bank earnings week on Tuesday following Goldman Sachs’ (GS) strong results on Monday.

Sevens Research Report founder Tom Essaye chats with Yahoo Finance Executive Editor Brian Sozzi about the earnings results.

I think that JP Morgan and Goldman Sachs are two of the best in breed financials because of their execution. I mean, it’s sort of seemingly quarter after quarter. Wells Fargo, you know, not so much these last couple of quarters. But JPM and you look across the business line, right? There were no major warts in any of these reports. They reiterate guidance. Yes, Jamie Diamond sort of echoed the caution he had in his annual shareholder letters, but we know he’s become a bit more, I guess cautious would be a good word to say in his sort of macro commentary over the past couple years. I’ve been looking at these bank results very closely. BlackRock’s another one. I think BlackRock, although not as popular as the first two, they kind of downplayed the private credit concerns. That business was net accretive for them in Q1.

Also, click here to view the full video published on Yahoo Finance on April 14th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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Update on the Pillars of the Rally (Negative News)

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What’s in Today’s Report:

  • Why Last Week Wasn’t As Positive As the Price Action Implies
  • Weekly Market Preview:  Stimulus Expectations (Thursday) and Bank Earnings
  • Weekly Economic Cheat Sheet:  If the Recovery Losing Further Momentum?

Futures are moderately lower following a generally quiet weekend as markets digest last week’s rally.

News over the weekend was dominated by politics, and it appears President Trump will be impeached again by the House.

But, impeachment will again be largely a theatrical exercise, and markets will ignore it and instead focus details on Biden’s stimulus plan (which will be announced Thursday).

There are no economic reports today and just two Fed speakers, Bostic (12:00 p.m. ET) and Kaplan (6:00 p.m. ET) but neither should move markets.  Instead, yields (do they keep rising?) and any further details about Biden’s stimulus plan (official announcement Thursday) will move markets.