Major U.S. Banks Brace for Volatile Earnings Season as Investors Flee Bank ETFs

Options traders expect larger post-earnings stock price swings for major U.S. banks like JPMorgan, Wells Fargo, and Citigroup.

Wells Fargo in particular may see a 4% stock move, higher than its usual 2.6% post-earnings swing.

Banks are expected to post higher Q3 profits unlike investment banks still facing a deals slump.

The CBOE Volatility Index has fallen to a 3-week low indicating declining broader market volatility.

Bank ETFs have seen significant outflows in October ahead of earnings amid concerns about rates and regulation.