JPMorgan, Citibank Earnings Preview: Buybacks, Capital Return in Focus

JPMorgan and Citigroup report Q2 2026 earnings on July 14th, with both banks projecting double-digit growth driven by capital markets strength and aggressive buyback programs.

JPMorgan is expected to post 29% EPS growth and 12% revenue growth, fueled by robust capital markets activity and ongoing share repurchases. Citigroup's outlook shows 40% EPS growth alongside 10% revenue growth. Both institutions are maintaining healthy credit conditions while returning significant capital to shareholders.

The earnings reports come as analysts question whether the capital markets tailwinds supporting both banks can sustain current momentum. The concerns center on whether trading and investment banking revenues—key drivers of the projected growth—will maintain elevated levels through the rest of 2026.

JPMorgan's aggressive buyback strategy continues to support per-share metrics, while Citigroup's turnaround appears to be gaining traction with the 40% EPS expansion marking one of its strongest growth quarters in recent years.