Options market anticipates significant moves for major banks reporting earnings this week
Seven of the largest banks, including Goldman Sachs, JPMorgan, Citigroup, Wells Fargo, Bank of America, Morgan Stanley, and BlackRock, are scheduled to release their earnings this week. Despite the financial sector being flat on the year, the options market is pricing in notable post-earnings stock movements. For instance, Goldman Sachs is expected to see a 2.84% move, JPMorgan 2.5%, Citigroup 3%, Wells Fargo 3.5%, Bank of America 2.9%, Morgan Stanley 3%, and BlackRock 3.3%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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