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“Earnings Reports and Economic Data: What to Expect This Week”

Last week, the inflation report presented mixed results. The Consumer Price Index (CPI) showed a slowdown in inflation, while the Producer Price Index (PPI) rose faster than expected in June. The stock market remains stable, with everyone’s attention focused on the Federal Reserve’s upcoming statements regarding potential interest rate cuts.

Here’s what’s expected for this week:

Earnings Reports from Banks and Financial Institutions

This week will follow last week’s trend with earnings reports from major banks and financial institutions. Below is the schedule:

Monday:
Goldman Sachs and Blackrock will release their earnings reports before the market opens. FB Financial Corporation, ServisFirst Bancshares, CrossFirst Bankshares, and others will report after the market closes.

Tuesday:
Bank of America, Morgan Stanley, the Charles Schwab Corporation, and PNC Financial Services Group will post their quarterly results in the morning. Western Alliance Bancorporation, Pinnacle Financial Partners, Fulton Financial Corporation, and more will report in the evening.

Wednesday:
Citizens Financial Group, First Horizon Corporation, and Ally Financial will release their earnings before the market opens.

Thursday:
Blackstone, M&T Bank Corporation, and First Financial Bankshares will release their reports.

Friday:
American Express and Fifth Third Bancorp will post their earnings before the market opens.

Earnings Reports from Health Insurance and Pharma Companies

Novo Integrated Sciences will kick off the week with its earnings report. On Tuesday, UnitedHealth Group will report in the morning. Johnson & Johnson and Elevance Health, Inc. will release their reports on Wednesday, followed by Novartis AG on Thursday.

Other Significant Earnings Reports

In the airline sector, United Airlines Holdings will report on Wednesday, and American Airlines will report on Thursday. Additionally, Netflix, Taiwan Semiconductor Manufacturing Company, and Domino’s Pizza are among the major companies set to report this week.

More Macroeconomic Data

Following last week’s conflicting inflation data, U.S. retail sales figures will be released on Tuesday. On Thursday, U.S. leading economic indicators and initial jobless claims data will be published. Investors will keep an eye on Federal Reserve Chair Jerome Powell, who is scheduled to speak on Monday, along with other Federal Reserve Presidents speaking later in the week.

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