Business · Sherwood News
What to watch as the biggest US banks report earnings
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
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Private credit exposure will be in focus, but banks haven’t been trading in lockstep with BDCs.
Key facts
- Charter, which owns Spectrum, reported adjusted earnings of $9.17 per share, below Wall Street estimates of $9.96 per share from analysts polled by FactSet
- Nvidia, the world’s most valuable company, is poised to close at a record high for the first time since October 29, 2025, on Friday (if it ends above $207.04)
- Last month, when Deutsche Bank revealed a $30 billion exposure to private credit in its annual report, the stock suffered its biggest one-day loss since April 2025
- The pill was prescribed about 3,700 times in its second week, according to IQVIA data cited by Deutsche Bank analysts, compared to the roughly 8,000 they were expecting
Summary
Financials ended 2025 on a tear, perhaps getting a bit over their skis in pricing in a global economic reacceleration thanks to continued fiscal stimulus and the waning impact of tariffs. Goldman Sachs, which kicked off the reporting period for banks, is taking its lumps after reporting lower-than-expected sales and trading revenue for its fixed income, currencies, and commodities division. While trading results may get the early headlines, management’s color on the economic outlook, their exposure to private credit, and whether they’re seeing impacts on consumers or businesses from higher fuel prices will do much more in determining the market mood. Private credit funds have been facing investor outflows (which, in many cases, they’ve been limiting) in light of their elevated exposure to software companies.