Wall Street banks are expected to report stronger second-quarter profits as growing interest payments offset a dealmaking slowdown.

Universal banks like JPMorgan and Wells Fargo are expected to report EPS increases of more than 40%, while BAC.N’s EPS may rise over 7%.

Citigroup is predicted to fall 43% behind its peers in EPS. Goldman Sachs’ EPS is expected to fall roughly 59%, while Morgan Stanley’s EPS is expected to fall 9%.

Goldman will have a dismal quarter again for investment banking, and trading has been lackluster due to lower volatility.

Global investment banking activity fell to $15.7 billion in the second quarter, the lowest since 2012.

Universal lenders benefit from American customers’ spending and financial health.

Investment banking revenues have fallen due to rising interest rates and economic uncertainty.

However, a resurgence in initial public offerings may signal a second-half equities capital market recovery.

Lenders profit more from higher borrowing rates when interest rates rise, but loan demand is slowing, and banks are paying more to keep consumers’ money in accounts while they seek higher-yielding options.