This week could make or break financials’ rally

13 Jan

financialsU.S. banks will roll out their quarterly results in full force next week, and while Wall Street’s outlook has largely fizzled, investors may be in the mood to push shares higher if the sector tops beaten-down forecasts.

The first full week of the fourth-quarter earnings season will see results from Goldman Sachs Group and J.P. Morgan Chase & Co. on Wednesday. American Express Co., Bank of America Corp., Citigroup Inc. and Capital One Financial Corp. are set to report on Thursday and Morgan Stanley’s results are due Friday.

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