Will Bank Earnings Bring Further Market Turmoil?

With bank stocks reporting earnings on Friday after an already action-packed calendar of events, Michael Zarembski is focusing on the Loan Loss Reserve Funds banks will be setting aside to get a sense on how they view the future of the economy. Citigroup (C), JP Morgan (JPM), Wells Fargo (WFC), and Morgan Stanley (MS) all report before the market opens and each one specializes in different areas within the financial system, giving investors much needed insights on where there may be cracks in financial markets. Expect to hear comments around their exposure to the U.K’s sovereign debt crisis.