Are you ready for earnings season?
The banks will kick it all off.
Citibank (C) is set to announce earnings Monday, Jan. 14. Walls Fargo (WFC) and JPMorgan Chase (JPM) are announcing Tuesday, Jan. 15. Both Morgan Stanley (MS) and Goldman Sachs (GS) will be announcing later in the week.
Jonathan Corpina, senior managing partner at Meridian Equity Partners, discussed the banking sector with TheStreet.
"You know historically over time earnings season has offered a bit of buoy for our markets. Kind of helps move it higher as it's moving higher when the markets have been selling off it kind of changes and reverses that type of movement there. I think bank earnings you know overall can help our markets. I just don't think they're going to be as strong as we've been expecting," said Corpina. "Interest rate conversations we continue with that you know mortgage, mortgage lending, small businesses. This whole big this whole big pot out there I think it's just been a difficult scenario for the financials and also moving forward, unknown about how tariffs are going to affect everybody. What's going to happen with the government shut down? There's so many unknowns out there that I think every sector out there can be affected by it."
Watch the full interview with Corpina here.
JP Morgan, Citibank and Goldman Sachs are all holdings in Jim Cramer's Action Alerts Plus Portfolio.