Market-moving news has shifted from war-related to the important earnings reports of April, with banks beginning to release positive signals yesterday, causing U.S. stocks to continue rising.

Here's a summary of the upcoming calendar for everyone to follow.
Below is the schedule of key company earnings reports (Eastern Time, confirmed) that will have the greatest impact on macroeconomics and market sentiment during April 2026 (Q1 U.S. earnings season).

1. Mid to early April: Financial/Consumer/Aviation (Economic Barometers)

• April 14 (Monday) before market open

◦ JPMorgan Chase (JPM) — The largest U.S. bank, a barometer for consumer/credit/rate/economy trends

◦ Citigroup (C)

• April 15 (Tuesday) before market open

◦ Wells Fargo (WFC)

◦ UnitedHealth (UNH) — Healthcare leader, reflecting healthcare spending, employment, consumption

◦ Delta Air Lines (DAL) — Travel, service industry, inflation pressures

• April 16 (Wednesday) before market open

◦ Bank of America (BAC)

◦ Morgan Stanley (MS)

• April 17 (Thursday) after market close

◦ Netflix (NFLX) — Streaming, discretionary consumption, advertising market

2. Mid to late April: Tech Giants (Deciding U.S. stock market direction)

• April 23 (Thursday) after market close

◦ Intel (INTC) — Chips/PC/AI hardware, capital expenditures

• April 29 (Tuesday) after market close

◦ Microsoft (MSFT) — AI cloud, enterprise IT spending, productivity

◦ Meta (META) — Digital advertising, consumer confidence

• April 30 (Thursday) after market close

◦ Apple (AAPL) — Consumer electronics, global demand, supply chain

◦ Amazon (AMZN) — E-commerce, cloud, logistics employment

3. Key points on economic impact (April earnings)

• Banking (April 14–16): Net interest margin, credit quality, loan demand, provisions → directly reflect interest rate policy effects, consumer/business debt repayment capacity, economic resilience

• Tech giants (April 29–30): Revenue, profit, capital expenditure, guidance → determine U.S. stock market, wealth effect, AI investment cycle, global risk appetite

• Healthcare/Aviation/Consumer: Costs, demand, pricing power → verify inflation, wages, service industry recovery
Latest earnings report
As of the close on April 14, 2026, JPMorgan Chase (JPM) released its Q1 2026 earnings report (beat expectations across the board); Citigroup (C) data has not been fully disclosed yet (some parts already announced). Here is the latest, most core analysis.
1. JPMorgan Chase (JPM) Q1 2026 Earnings: All-Out Breakthrough

Release: April 14, before market open (confirmed)

1. Key Data (vs expectations)

• Revenue: $50.54 billion (up 10% YoY)

◦ Expected: $49.17 billion → Surpassed expectations by 2.8%

• EPS: $5.94 (up 17% YoY)

◦ Expected: $5.45 → Surpassed expectations by 9%

• Net profit: $16.5 billion (up 13% YoY)

• Net interest income (NII): $25.5 billion (up 9% YoY)

• Trading revenue: $11.6 billion (record high)

◦ FICC (Fixed Income/Foreign Exchange/Commodities): $7.08 billion (up 21% YoY)

◦ Equity trading: $4.52 billion (up 19% YoY)

• Investment banking fees: $2.88 billion (up 38% YoY)

• Loan loss provisions: $191 million (far below expected $3.03 billion)

2. Core Highlights

• Record trading business: Geopolitical volatility (Iran, oil prices) directly benefits FICC and equity trading, breaking quarterly records

• Investment banking rebound: M&A and equity underwriting recover, fees surge 38%

• Asset quality extremely stable: Very low loan loss provisions, excellent credit card/consumer loan quality

• Retail strength: U.S. consumer resilience strong, credit card and auto loan growth stable

3. Concerns and Guidance

• Lowered full-year NII guidance: from $104.5 billion to $103 billion

◦ Reason: expectations of rate cuts, deposit competition, interest income peaking

• Increased expenses: Non-interest expenses up 14% YoY (personnel, technology, compliance)

4. Market interpretation

• Strong performance but bearish stock reaction: rose 3% pre-market, closed slightly lower

• Logic: earnings are fully priced in, market more concerned about NII peaking, rate cut pressures, slowing future growth
2. Citigroup (C) Q1 2026 Earnings (released, key points)

Release: April 14, before market open

1. Disclosed core (initial)

• Revenue: about $22.9 billion (up 8.6% YoY)

◦ In line with expectations ($22.91–$23.5 billion)

• EPS: $2.62 (up 34% YoY)

◦ Expected: $2.60–$2.64 → basically in line/slightly above expectations

• Net interest income: about $14 billion (single-digit YoY growth)

• Trading/Investment banking: Fixed income trading steady, equities weaker; IB fees slightly up

• Costs: ongoing layoffs (20k staff restructuring), expense control effective

2. Core highlights

• High YoY growth: low base (weak Q1 last year) + cost savings

• Restructuring effective: exiting non-core markets, layoffs, profit margin improvement

• Global operations: emerging markets volatile, Europe and U.S. stable

3. Pressures

• Growth slowdown: revenue and NII growth much weaker than JPM

• Transition pains: business contraction, market share decline

• Capital returns: weaker buybacks and dividends compared to peers
3. JPM vs Citigroup: Key comparison (Q1 2026)

• Revenue growth: JPM +10% vs C +8.6% → JPM stronger

• EPS growth: JPM +17% vs C +34% → C low base, quick rebound

• Trading/IB: JPM all-out, record high; C steady but mediocre

• Net interest income: JPM $25.5B (+9%); C about $14B (single-digit)

• Asset quality: JPM excellent (very low provisions); C stable but average

• Outlook guidance: JPM lowers NII; C cost savings support profits

• Market position: JPM No.1 in the U.S., comprehensive leader; C restructuring, catching up
4. Significance for economy and markets (April key signals)

1. U.S. economy remains strong

◦ Consumer, corporate credit, trading activity vigorous → high probability of soft landing

2. Banking sector divergence intensifies

◦ Stronger (JPM); struggling (C still in transition)

3. Impact of rate cuts to soon appear

◦ Major banks have begun lowering NII outlook → interest income pressure in Q2–Q3

4. Capital markets warming up

◦ Explosive growth in trading and IB → IPOs, M&A, equity issuance rebound
5. One sentence summary

• JPMorgan Chase: Perfect quarterly report, short-term peak
All-around stellar performance, but NII guidance lowered, indicating slowing growth.

• Citigroup: In line with expectations, restructuring effective
High profit growth relies on low base and cost savings; growth momentum still weaker than JPM.