Wall St Week Ahead-Big banks to report Q1 results with lowered expectations

Citigroup Inc and Goldman Sachs Group Inc will report the following Monday, followed by Bank of America Corp and Morgan Stanley on Tuesday. In the wake of the Federal Reserve's cautious shift due to signs of softness in the U.S. economy and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting year-on-year first-quarter earnings growth of 2.3%, down from 8.2% forecast six months ago, according to Refinitiv data. "Flat to falling interest rates are not good news for bank interest margins.

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