The banking sector is under pressure despite strong second-quarter earnings results from major players JPMorgan Chase & Co. (JPM), Citigroup (C), and Wells Fargo (WFC), all of which beat analyst estimates. To dissect the financial sector, Barclays analyst Jason Goldberg joins Market Domination.

As far as the consumer impact on bank earnings, Goldberg notes that while lower-end consumers continue to face financial pressures, this demographic's struggles may not significantly impact overall bank earnings. "It's just not a huge contributor to revenues," Goldberg explains, though he adds that "it's certainly something to be mindful of."

A trend Goldberg identifies in the bank earnings is a strong performance in their trading and investment banking divisions. He predicts that institutions with a focus in these areas, such as Goldman Sachs (GS) and Morgan Stanley (MS), may benefit from this trend in upcoming earnings releases next week.

However, Goldberg also points out a potential area of concern: "loan growth continues to be subdued." This trend, he believes, will impact regional banks earnings.

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This post was written by Angel Smith