We begin tonight with a big quarter for some of th jpmorgan, citigroup, wells fargo n expected earnings. L reported thats the good news. But theres more to it. And its important to ups whats happening in that sector, which plays a vital role in the econom activity for both households and businesses. Today, those better than expected earnings werent enough and they finished lower. All four banks reporting today. J. P. Morgue p, citigroup, wells fargo and pnc beat earnings expectation, so why did they trade down today . There were several issues. First, trading activity in stocks an bonds were below expectation. You can blame that on the low volatility. Trading is a major source of revenue, from other Bank Businesses second, xhek data was des pointing. Inflation is sfil belstill belo the feds target mean banks wil make profit, which is the difference between interest earned on loans and paid on deposits. Expect analysts to lower expectations for the banks i th. Finally, it was a seasonal