Last week, the inflation report provided mixed signals. The Consumer Price Index (CPI) suggested a slowdown in inflation, while the Producer Price Index (PPI) increased more than expected for June. Despite these results, the stock market remains stable, and anticipation grows regarding the Federal Reserve’s upcoming statements on interest rate cuts.
Looking ahead, here’s what’s scheduled for this week:
More Banks and Financial Institutions to Report This Week
Similar to last week, this week will feature earnings reports from major banking giants and financial institutions. Here are the key dates and companies:
Monday
Goldman Sachs and Blackrock will release their earnings reports before the market opens. FB Financial Corporation, ServisFirst Bancshares, CrossFirst Bankshares, and other financial institutions will report after the closing bell.
Tuesday
Bank of America, Morgan Stanley, the Charles Schwab Corporation, and PNC Financial Services Group will announce their latest quarterly results in the morning. Western Alliance Bancorporation, Pinnacle Financial Partners, Fulton Financial Corporation, and other banks will report their earnings in the evening.
Wednesday
Citizens Financial Group, First Horizon Corporation, and Ally Financial are set to release their earnings reports before the market opens.
Thursday
Blackstone, M&T Bank Corporation, and First Financial Bankshares will release their earnings reports.
Friday
American Express and Fifth Third Bancorp will publish their earnings on Friday before the market opens.
Health Insurance and Pharma Companies to Post Their Earnings
The week will begin with Novo Integrated Sciences’ earnings report. On Tuesday, UnitedHealth Group will report its earnings in the morning. Johnson & Johnson and Elevance Health, Inc. will publish their financial results on Wednesday, followed by Novartis AG on Thursday.
Other Important Earnings to Watch
Among the airline companies, United Airlines Holdings will report on Wednesday, and American Airlines will report on Thursday. Other major companies reporting this week include Netflix, Taiwan Semiconductor Manufacturing Company, and Domino’s Pizza.
More Macroeconomic Data
Following last week’s conflicting inflation data, U.S. retail sales data will be released on Tuesday. On Thursday, U.S. leading economic indicators and initial jobless claims data will be made public. Investors will closely watch Federal Reserve Chair Jerome Powell’s scheduled speech on Monday, along with other Federal Reserve Presidents who will speak later in the week.