Breaking Down Earnings From JPMorgan, Citi and Wells Fargo

Watch on YouTube ↗  |  April 14, 2026 at 14:26  |  2:52  |  Bloomberg Markets
Speakers
Katherine Doherty — Finance Reporter, Bloomberg

Summary

Katherine Doherty breaks down Q1 earnings from JPMorgan, Citigroup, and Wells Fargo, highlighting strong trading and investment banking results particularly for JPMorgan and Citi, while Wells Fargo missed revenue metrics. Bank CEOs note resilient consumer spending but warn of economic uncertainty, and private credit exposures appear manageable with detailed disclosures showing zero losses for Citi.

  • JPMorgan reported strong trading and investment banking advisory results.
  • Citigroup had a clean beat except for a slight miss in banking, with strong trading and comfortable private credit exposure.
  • Wells Fargo missed revenue metrics and operates on a smaller scale than peers.
  • Private credit risks are detailed by banks, with Citi reporting $22 billion exposure and zero losses.
  • Investment banking deal flow improved from year-end hold-ups, especially for JPMorgan.
  • Bank CEOs highlight consumer resilience but express caution about the economic outlook.
  • Citigroup is moving forward from regulatory issues, emphasizing a diversified business model.
  • Overall, banks send mixed signals with strong earnings but cautious forecasts.
Trade Ideas
Katherine Doherty Finance Reporter, Bloomberg 0:04
JPMorgan has strong trading and advisory results.
JPMorgan reported strong trading results across the board and one of its strongest quarters for investment banking advisory year-over-year, consistent with previous signals that deals held off at year-end are coming through in Q1 2026.
JPM MED
Katherine Doherty Finance Reporter, Bloomberg 0:14
Citi shows strong trading and manageable private credit risk.
Citigroup reported strong trading results, a clean beat overall except for a slight miss in banking, is moving forward from regulatory issues with a diversified business model driving revenue growth, and disclosed $22 billion in private credit exposure with zero losses, providing comfort to investors.
C MED
Katherine Doherty Finance Reporter, Bloomberg 0:19
Wells Fargo misses revenue metrics, smaller scale.
Wells Fargo missed several metrics including revenue, operates on a much smaller scale than peers like JPMorgan and Citi, and while it provided details on private credit exposure, the overall performance is less strong.
WFC MED
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This Bloomberg Markets video, published April 14, 2026, features Katherine Doherty discussing JPM, C, WFC. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Katherine Doherty  · Tickers: JPM, C, WFC