Wall Street's five major banks will announce their quarterly earnings next Tuesday.

Five of the six major banks in the United States will announce their quarterly results on the same day, making the schedule for conference calls more crowded than usual. Bank of America and JPMorgan Chase are expected to release their results first in the morning, followed by Wells Fargo. About 30 minutes later, Goldman Sachs will report its results, followed by Citigroup. Morgan Stanley has chosen to release their results on Wednesday morning. After experiencing months of intense market volatility, it is expected that the majority of large investment banks will see their stock trading revenue reach near historical highs. Due to the ongoing active stock market trading driven by the Iran conflict, it is projected that the second quarter stock trading revenue on Wall Street will be only slightly lower than the historical record set in the first quarter. According to previous reports, Goldman Sachs' stock trading business revenue in the second quarter is expected to exceed $5 billion, reaching a new high. In comparison, fixed income, foreign exchange, and commodities business performances are expected to show some differentiation. Based on analysts' average forecasts until Wednesday's close, JPMorgan's FICC revenue is expected to increase by 10% year-on-year, while Goldman Sachs and Citigroup are expected to grow by 6% and 2% respectively. Trading business revenue is one of the most closely watched indicators in bank financial reports, as it is often difficult to predict how trading departments will respond to market volatility. Market participants will also pay attention to the leaders of each bank's latest views on the macroeconomic outlook. The $1.8 trillion private credit market will continue to be a focus of this earnings season. Due to investor concerns about rising default rates, lack of transparency in asset valuations, and the impact of AI on borrowers in the software industry, there has been a wave of redemptions in the private credit market recently. Non-publicly traded private credit funds returned more money to investors in the first quarter than they raised, resulting in net outflows.