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Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal environment.

Bank of America is likely to have benefited from the Wall Street side of its operations during the third quarter.

Markets are looking to Powell for direction on where the central bank will be taking interest rates through the rest of the year and beyond.

The bankruptcies have sparked concern about the risks involved when banks like JPMorgan, Jefferies and Fifth Third provide financing for private companies.

Citi's net income rose 15% to $3.8 billion from a year earlier, while revenues were up 9% as every business posted record numbers.

Goldman Sachs gets the majority of its revenue from Wall Street activities including trading and investment banking.

JPMorgan will give investors a view into how U.S. consumers and corporations fared in the third quarter.

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Siegel told CNBC's "Squawk Box" that the U.S. should create a rare earth minerals reserve as rising trade tensions threaten global supply chains.

The move helps JPMorgan Chase organize its activities around national interests at a time of heightened tensions between the U.S. and China.

The flare-up in tensions between the U.S. and China over the weekend points to deteriorating trust between the world's two largest economies, analysts said.

Things were not so bad until President Donald Trump's new China trade threats tanked the stock market.