S&P 500 Earnings: Can Banks Reignite Momentum as Reporting Season Begins?

Q2 2026 earnings season begins July 13th with the financial sector leading. Major banks have underperformed the S&P 500 YTD, with JPMorgan up only 0.47%, Bank of America up 2.87%, and Wells Fargo down 9.20%, while Citigroup stands out with a +20.86% gain. The sector faces uncertainty over potential fed rate hikes in H2 2026. Key upcoming earnings include Kroger and Accenture on June 18th, and Micron Technology on June 24th, with semiconductors now representing 10% of global market cap.