Five banks, one morning — the consumer check

Q2 2026 EARNINGS · TUE JUL 14 PRE-MARKET · SAME MORNING AS THE CPI PRINT
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Consensus vs actual EPS · revenue · the tape's verdict

BankCons. EPSActual EPSCons. revenueActualOptions-implied moveActual move
JPMorgan$5.49____$48.7B (+8.5% y/y)____±4.4%____
Bank of America$1.12____$30.7B (~+25% EPS y/y)____±4.5%____
Citigroupest. trending ↑________±5.5%____
Wells Fargoest. trimmed ~1%________±5.5%____
Goldman Sachs________±6.0%____

The 3 lines we actually read consumer stress · not the EPS beat

Line itemWhat it tells youThis quarter [FILL]
Net interest incomewhat a hold-vs-hike world pays banks on YOUR deposits/loans____
Card delinquencies (30d+)is the consumer cracking — the earliest honest signal____
Loan-loss provisionswhat the banks EXPECT to go bad next____

✏️ Draw on the delinquency number when filled — that's the line that connects Tuesday's bank slides to the credit pillar: the banks price YOUR risk before your score moves.

Rest of the week, same lane the AI-capex health check

DayReportGoing in
Wed Jul 15ASML Q2 (pre-market)cons. EPS ~$7.98 · EUV bookings = the AI-boom tell
Thu Jul 16TSMC Q2cons. ~$3.81/ADR · rev ~$40.0B ≈ +33% y/y
Thu Jul 16US retail sales (8:30am)____
Fri Jul 17UMich consumer sentiment____

The rotation storyline continues: Dow record 53,055.91 (Jul 6) → 52,478.41 (Jul 10, −1.1%) with oil back up on Strait tension. TSMC's +33% is the "is the AI trade earning its keep" receipt.