Europe's banks are about to enter the "Reporting Season" and they will begin issuing their reports next week. However, investors' fears are that these reports will be much weaker than expected, which will lead to further volatility in stock markets.
A number of analysts have expressed their concerns over the first quarter reports, taking into account the economic challenges of weak economic growth, trade-prickly trade negotiations, the tough Brexit, and the "turn-around" that central banks are doing to monetary policy.
European banks have suffered for years for weak earnings, massive fines, ultra low interest rates and uncertainty around Brexit. On the other hand, US banks, and in particular JPMorgan and Citi, reported strong revenues that formed a "buffer" against economic winds.
Here is the chart of European banks for publishing the financial statements:
Credit Suisse - Wednesday, April 24th.
UBS - Thursday, 25 April.
Barclays - Thursday, April 25th.
Deutsche Bank - Friday, April 26.
RBS - Friday, April 26.
BNP Paribas - Thursday, May 2nd.
Societe Generale - Friday, May 3rd.
Source: CNBC
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