Just like that, it's earnings season again.
The major banks--including JPMorgan Chase (JPM) - Get Report , Goldman Sachs (GS) - Get Report , Citigroup (C) - Get Report , Wells Fargo (WFC) - Get Report and Bank of America (BAC) - Get Report --have all reported earnings.
And yet the picture painted by the financials is one that's sending mixed messages to investors.
Tony Owusu, TheStreet's senior digital reporter, has covered the earnings. Meanwhile, Chris Versace, Real Money contributor, has written about the financial sector over on Real Money.
So, let's take a look at how the financial sector looks overall.
"I think the biggest thing right now is investment banking versus consumer banking. As you might expect, consumer banking is strong thanks to a strong economy. Investment banking, not so much, as the Fed keeps interest rates low. Morgan Stanley recent came out with a note saying that Bank of America is actually the most asset sensitive, which means as the Federal Reserve cuts rates, it'll be affected the most. So that's something to keep in mind going forward with the banks," said Owusu.
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