JPMorgan's fourth-quarter profit fell after it paid a $2.9 billion charge linked to the government's seizure of failed regional banks last year.
Concerns continue to grow about rising losses on the bank's business loans, with credit card defaults on the rise.
Markets are now waiting to hear what CEO Jamie Dimon has to say about the economy and banks' efforts to mitigate upcoming increases in capital requirements.
As for Bank of America, the bank's shares declined after the company announced a decline in fourth-quarter profits, affected by regulatory fees.
Shares fell more than 2% on Friday after the company reported lower fourth-quarter profits.
This bank was supposed to be one of the biggest beneficiaries of higher interest rates last year, but it underperformed because the lender piled up low-yielding, long-term securities during the Covid pandemic, and those securities lost value as interest rates rose.
