The emerging scenario of sustained high interest rates could boost the profitability of U.S. banks. That’s according to Goldman Sachs analyst Richard Ramsden who, in a Monday note, expressed cautious optimism for the second-quarter earnings season. Among the first to report on July 12 are JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), and Bank Of New York Mellon Corp. (NYSE:BK). Goldman Sachs Inc. (NYSE:GS) and Bank of America Corp. (NYSE:BAC) will follow with their reports on July 15 and 16, respectively. Analyst’s Optimism Ahead Of Banks’ Q2 Earni…
