Big Banks Set to Report Trading Haul of $19 Billion

• Capital markets slowdown is expected to impact investment banks like Goldman Sachs and Morgan Stanley, contrasting with their strong first-half performance.
• Bank of America's 'hold to maturity' issues and unrealized losses will likely resurface as a key discussion point due to recent rate movements.
• For consumer-focused banks like Wells Fargo and JPMorgan, the focus will be on net interest income (NII), deposit costs, and the quality of loan growth.

Bloomberg's Sridhar Natarajan anticipates a 'mixed-bag' for big bank earnings this quarter, citing structural changes in the second half of the year, particularly a slowdown in capital markets activity and emerging concerns in the consumer economy. Each bank is expected to have its own unique story.