Here’s What to Expect From JPMorgan, Citigroup and Wells Fargo Earnings This Week

Don't expect any blowout second quarter results from the big banks, according to one analyst. 'Banking earnings are going to be nothing very exciting in the second quarter and the reason for that is the low interest rate environment and a difficult global environment,' said S&P analyst Erik Oja. The Federal Reserve has indicated that its rate hikes are going to be gradual. Though the Fed's hike last December added $220 million to JPMorgan Chase's (JPM) - Get Report first quarter earnings, according to S&P, showing just how much a delayed rate hike impacts banks. Oja said JPMorgan, along with Citigroup (C) - Get Report , Bank of America (BAC) - Get Report and Wells Fargo (WFC) - Get Report are affected most by the low rate environment. TheStreet's Scott Gamm reports from Wall Street.