JASON GOLDBERG

Walmart says it will start farming out its delivery service.

Amazon is pushing landlords around the country to give its drivers the ability to unlock apartment building front doors whenever they need to leave packages in the lobby instead of the street.

The bank had added more than $15 billion to loan loss reserves in the first two quarters of 2020. JPMorgan CEO Jamie Dimon noted that the total size of the bank's reserves for loan losses still rounded to $34 billion, roughly the same as the previous quarter. CFO Jennifer Piepszak said during a call with reporters that the bank's "base case" for the U.S. economy improved from the previous quarter. Revenue: $29.94 billion, vs. $28.3 billion expected by Refinitiv. Trading Revenue: Fixed income $4.6 billion, equities $2 billion, vs. expectations of fixed income $4.53 billion, equities $1.67 billion.

Wells Fargo on Tuesday said fourth-quarter profits fell as persistent low interest rates and litigation charges weighed on its financial results. Per-share adjusted earnings were 93 cents, well short of the $1.12 per share forecast by Refinitiv. The bank also took a financial loss in part related to the retail sales scandal that has plagued Wells Fargo since 2016. The litigation costs pushed noninterest expenses up 17% in the fourth quarter from a year earlier despite efforts to keep costs under control. Wells Fargo also paid out more in salaries.

Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about this year's guidance. Last month, executives at the three banks all cited increased trading results in the final three months of 2019. The rebound comes from banks' fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrote last month. J.P. Morgan, Citi and Wells Fargo will release results Tuesday morning, while Goldman Sachs and Bank of America will post on Wednesday, and Morgan Stanley on Thursday. With that looming over lenders, analysts have been busy cutting their recommendations on big banks whose shares have outperformed last year, including J.P. Morgan, Bank of America and Citigroup.

J.P. Morgan, Wells Fargo and Citigroup all report quarterly earnings before the bell on Tuesday. Barclays is forecasting J.P. Morgan will report fourth-quarter earnings of $2.30 per share, above the $1.98 per share earned in the same quarter last year. Citigroup will report fourth-quarter earnings of $1.83 per share, according to Barclays. This tops last year's fourth-quarter earnings of $1.64 per share. Barclays expects Wells Fargo to report earnings per share of $1.08, compared to the $1.21 per share earned in the fourth quarter last year.