while bank stocks face a tough economic environment their underlying profits will remain relatively healthy at least for now jp morgan chase  co citigroup inc wells fargo  co and morgan stanley kick off the thirdquarter bank earnings reporting season on friday oct 14 amid some of the most challenging economic times in at least a decade despite a plethora of woes facing the big banks from inflation and recession jitters to the health of european banking giant credit suisse ag csgneb wall street analysts have not drastically cut their earnings outlooks for the group the sectors weak stock prices come amid a slowdown in investment banking layoffs in mortgage units and decreased demand for car and home financings due to higher interest rates in 2022 see jpmorgan and goldman are still top dogs in investment banking but business shrinks significantly in 2022 dave wagner portfolio manager and analyst at aptus capital advisors which manages the optus small cap value etf oscv and the aptus collared income opportunity etf acio said negative sentiment has swamped the banks even as they continue to benefit from higher interest rates people dont understand there is still loan demand out there wagner said banks can still benefit from higher average yields and excess liquidity put back to work but bad news continues to pile up around banks with fresh reports on how morgan stanley ms and bank of america bac are among the banking syndicate expected to lose a combined 500 million on providing debt for elon musks 44 billion acquisition of twitter inc twtr as reported by 9fin shares of jpmorgan chase jpm have fallen 308 in 2022 while the dow jones industrial average is off by 174 and the sp 500 has dropped 231 citigroup is down 287 so far in 2022 while morgan stanley ms has retreated by 19 and wells fargo wfc is off by 114 following jpmorgan citigroup morgan stanley and wells fargo on oct 14 bank of america corp bac is expected to report thirdquarter earnings of 78 cents a share and revenue of 2354 billion on oct 17 goldman sachs group inc gs is on tap to report a thirdquarter profit of 775 a share and revenue of 1142 billion on oct 18 as the largest player by market capitalization and a bellwether for the group analysts expect jp morgan chase  co jpm to earn 290 a share with revenue of 3212 billion according to factset estimates wall street will be keen to hear jpmorgan chases take on the economic outlook amid sharp losses in equity and bond markets as investors grapple with moves by central bankers around the world to attempt to tame inflation by hiking interest rates jpmorgan chase ceo jamie dimon signaled some strength in the banks in his recent grilling on capitol hill with other bank ceos after he warned earlier this year about an economic storm approaching analysts and investors will be watching to see how much money jpmorgan and the other banks sets aside to boost reserves in case of an economic downturn even as forecasts of recession and market volatility unnerved the financial world during the third quarter bank earnings projections have remains relatively stable jpmorgan chases current thirdquarter analysts estimate of 290 a share has fallen 6 cents a share from 296 a share in july but it remains above the estimate of 280 a share on march 31 according to factset data on historical changes in analyst estimates with a business thats more reliant on investment banking goldman sachs groups current earnings target of 775 a share is significantly lower than the 1019 a share expectation on march 31 morgan stanleys earnings estimate on march 31 was 185 compared to 152 currently according to factset citigroup is currently expected to earn 142 a share down from 169 a share on march 31 sentiment has improved slightly for wells fargo which is now expected to earn 109 up from 106 a share on march 31 analysts currently expect bank of america to earn 78 cents a share down from 84 cents a share on march 31 investors will likely be on the lookout for potential headwinds in loan growth and credit quality in the banking industry as well as any signals of stress in the banking system from credit suisse however credit suisse rallied 8 on friday after the bank successfully executed a show of strength by buying back up to 3 billion of its own debt federico baradello founder and ceo of private securities platform finalis said he thinks concerns about credit suisse have been overblown given that the swiss government has set up a backstop for the bank balance sheets among us banks today are fundamentally more liquid than they were in the 20072008 financial crisis baradello said the bottom lineis that there is still a lot of value in credit suisse in terms of the sum of its parts according to some analysts putting a positive spin on weak stock performances deutsche bank analyst matt oconnor said he expects strong thirdquarter results driven by net interest income and loan with solid credit quality remaining oconnor said in a research note this week that deutche bank remains most postie of jpmorgan and wells fargo along with regional banks cfg and mt bank corp mtb also read private companies pivot to conserve cash to await eventual opening up of ipo market