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Reproduced from Bloomberg; Chart: Axios Visuals

Wall Street analysts are betting the banks can't do it three years in a row.

What they're saying: Analysis from Yardeni Research shows the average expectation is for a 0.4% decline in S&P 500 diversified banks’ 2020 revenue and only a 3.8% increase in earnings.

  • Forecasts for the S&P 500 investment banking and brokerage industry are also weak, with calls for revenue to edge up by 1.6% and earnings to rise 4.5% this year.
  • Earnings estimates for both banks and investment banks/brokerages have been revised downward in recent months.

Go deeper: Big American banks are doing quite well in 2019

Go deeper

Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 32,683,686 — Total deaths: 990,977 — Total recoveries: 22,535,887Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 7,072,897 — Total deaths: 204,446 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

What they're saying: Trump nominates Amy Coney Barrett for Supreme Court

Judge Amy Coney Barrett in the Rose Garden of the White House on Sept. 26. Photo: Oliver Douliery/AFP via Getty Images

Democratic and Republican lawmakers along with other leading political figures reacted to President Trump's Saturday afternoon nomination of federal appeals court Judge Amy Coney Barrett to succeed Justice Ruth Bader Ginsburg on the Supreme Court.

What they're saying: "President Trump could not have made a better decision," Senate Majority Leader Mitch McConnell said in a statement. "Judge Amy Coney Barrett is an exceptionally impressive jurist and an exceedingly well-qualified nominee to the Supreme Court of the United States."

Trump introduces Amy Coney Barrett as nominee to replace Ruth Bader Ginsburg

President Trump announced he's nominating federal appeals court Judge Amy Coney Barrett to succeed Justice Ruth Bader Ginsburg on the Supreme Court.

Why it matters: She could give conservatives a 6-3 majority on the high court, and her nomination sets in motion a scramble among Senate Republicans to confirm her with 38 days before the election. Sen. Mitch McConnell appears to have the votes to confirm Barrett with the current majority.