Wall Street investors are likely approaching the coming week apprehensively, as a number of big name banks are due to report their quarterly earnings.
Banking giant JPMorgan Chase is due to announce its second set of quarterly results for the year before the bell on Thursday, while both Citigroup and Wells Fargo will both be issuing results on Friday.
Meanwhile, Goldman Sachs is due to reveal second quarter earnings on 19 July and Morgan Stanley on 20 July.
Investors may be right to be worried, as this most recent quarter has contained a number of economic hiccups that could shake results.
Financial institutions worldwide have had to navigate their way through uncertainty in the run up to the UK's EU referendum at the end of last month, along with dwindling chances of the US Federal Reserve hiking interest rates any time soon and sluggish markets.
"The big banks are in a lot of different businesses and a number of those businesses are tied to the financial markets," Tim Ghriskey, chief investment officer of Solaris Group told City A.M. "Any investment banking or IPO new issue business is tied to the financial markets and we haven't seen a lot of companies coming public and that also hurts financial company income statements."
David Buik, market commentator at Panmure Gordon, told City A.M.: "In brief US banking results will be better than UK and Europe. However onerous capital requirements, heinously tough stress tests, low interest rates and a huge drop in M&A activity and investment banking profits suggest these interim results will be command only journeyman status."
However, a strong set of US jobs numbers, which were released last Friday, may help to bolster investor sentiment, regardless of however gloomy the banks' results may be.
Ghriskey added: "The outlook for banks in terms of earnings is at almost an extreme negative for a 'normal' investment environment and 'normal' economic environment and it's likely to improve from here. And that's what makes banks somewhat attractive."