"We expect the fourth quarter [last year] do better than the fourth [quarter the year before]"Stephen Biggar, director of financial institutions at Argus Research, told me that this would lead to a record result.
The recent challenge for banks has been to ward off the effects of lower interest rates that affect their credit gains.
"If you have a job, [or] you lose one and can easily find another, then you are currently on your bills and you do not have these default settings, "he said.
The big picture: US banks are starting a busy profit season. FactSet predicts a 2% drop in the overall result of the S & P 500. Should this outlook change, analyst John Butters said it would be the first time since mid-2016 that the index saw earnings decline for four quarters from a year earlier.
A step forward in the trade battle between the United States and China
Almost two years after the US-China trade dispute, the signing of the US-China "Phase 1" trade deal expected on Wednesday will be a symbolically important moment – even if investors' reaction is slow.
US officials and others familiar with the agreement said the agreement includes some reductions in existing tariffs and China's commitment to buy more American goods and services. China is also said to have agreed to make structural changes in the handling of intellectual property rights.
One big limitation: it is difficult to know what has been agreed since the text of the "Phase One" agreement has not yet been published.
The deal doesn't mean that the standoff between the world's two largest economies is over. "Phase two" is expected to involve deeper problems that may be more difficult to solve.
In addition, the United States remains committed to allies to avoid Chinese telecommunications equipment supplier Huawei building next-generation 5G networks. No ceasefire will be stable as long as the fight for technology continues behind the scenes.