Nation's Top Banks Set to Release Earnings After Weak Quarter

Watch on YouTube ↗  |  April 12, 2026 at 12:41  |  7:37  |  Bloomberg Markets
Speakers
Herman Chan — Head of Asia, CoinDesk

Summary

The video discusses upcoming bank earnings and their implications for markets, focusing on consumer health, trading revenues, and market reactions to geopolitical tensions. Analysts expect strong trading revenues for banks like JPMorgan and Bank of America due to volatility, while higher oil prices and risk-off sentiment are seen impacting stocks and boosting haven assets like big tech.

  • Upcoming earnings from major banks such as Goldman Sachs, JPMorgan, and Bank of America.
  • Concerns about consumer spending due to higher energy prices and lower savings.
  • Expectations for strong trading revenues at banks driven by market volatility.
  • Geopolitical tensions driving oil prices higher and causing risk-off sentiment.
  • Cryptocurrencies selling off as riskier assets in response to geopolitical events.
  • Big tech viewed as a relative safe haven due to strong cash positions.
  • Stocks negatively correlated with oil prices, suggesting weaker equity performance if oil rises.
  • Jamie Dimon's shareholder letter addressing geopolitics and the American dream.
Trade Ideas
Cristina Aquino Anchor, Bloomberg 4:17
Big tech is a haven in turmoil.
During times of market turmoil, investors tend to flock to big tech companies because they are large, cash-rich, and unlikely to go bust, making them a relative safe haven.
XLK MED
Herman Chan Head of Asia, CoinDesk 4:46
JPMorgan and Bank of America benefit from trading volatility.
Expect a big jump in trading revenues for banks due to market volatility in March, especially in rates trading, which should benefit banks with more fixed income, currencies, and commodities (FICC) revenues such as JPMorgan and Bank of America.
JPM BAC HIGH
Cristina Aquino Anchor, Bloomberg 6:21
Oil prices likely higher on geopolitics.
Geopolitical tensions are likely to drive oil prices higher at the start of the trading week, as oil has been reacting to supply concerns and risk aversion.
WTI MED
Cristina Aquino Anchor, Bloomberg 6:21
Higher oil prices mean weaker stocks.
Stocks have been negatively correlated with oil prices, so higher oil prices due to geopolitical tensions will likely lead to weaker stock market performance at the start of the week.
SPY MED
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This Bloomberg Markets video, published April 12, 2026, features Cristina Aquino, Herman Chan discussing XLK, JPM, BAC, WTI, SPY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Cristina Aquino, Herman Chan  · Tickers: XLK, JPM, BAC, WTI, SPY