Recession and Tariff Fears Could Overshadow Big Bank Earnings

This week, America’s biggest banks are set to report their quarterly earnings.But as Reuters reported Tuesday (April 8), investors are less likely to be focused on profits than on the banks’ view of the economy amid steep U.S. tariffs.Wells Fargo analyst Mike Mayo said the biggest impact of the tariffs in the quarters to come “will be higher reserves for loan losses as the odds of recession rise.”As Reuters notes, banks are likely to reserve billions for potential loan defaults in the quarters ahead. Loan l ...