๐ฆ $JPM $GS $BAC $WFC $C all report Q2 at once โ plus June CPI. What a morning
Wall Street got a rare "double print" Tuesday: five mega-banks โ JPMorgan ($JPM), Goldman Sachs ($GS), Bank of America ($BAC), Wells Fargo ($WFC), and Citigroup ($C) โ all dropped Q2 2026 earnings before the bell at the exact same moment June CPI hit the tape at 8:30 AM ET. Analysts were expecting big things: investment banking revenues projected up ~26% and trading up ~14% year-over-year, with Citigroup flagged as the wildcard near multi-year highs. Headline inflation was expected to cool from May's 4.2% down to ~3.9% on falling gas prices, though core CPI was seen holding near 2.9%. Did the banks deliver or disappoint, and does the inflation data change the Fed calculus for a September cut? Not financial advice.