Trading revenue was a weak spot for both JPMorgan Chase (JPM) and Citigroup (C) , according to fresh earnings reports released on Thursday.

Shawn Snyder, head of investment strategy at Citi Personal Wealth Management said the financials sector overall is set to post declining earnings year-over-year, largely amid headwinds facing insurance companies, which are included in that group.

He expects bank earnings to rise about 5% year-over-year.

Watch More with TheStreet:

 

More from Video

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Video: General Electric Shares Slump Amid Weakness in Power Division

Video: General Electric Shares Slump Amid Weakness in Power Division

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?