Last week’s inflation report presented mixed outcomes. While the Consumer Price Index (CPI) showed a deceleration in inflation, the Producer Price Index (PPI) saw a quicker-than-anticipated rise in June. The stock market remains stable, with all eyes on the Federal Reserve’s forthcoming statements regarding potential interest rate cuts in the coming months.
This week, more banks and financial institutions are set to release their earnings reports. Here’s the schedule:
Monday:
Goldman Sachs and Blackrock will publish their earnings before the market opens. FB Financial Corporation, ServisFirst Bancshares, CrossFirst Bankshares, and several 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 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 report their earnings.
Friday:
American Express and Fifth Third Bancorp will release their earnings before the market opens.
Health insurance and pharmaceutical companies will also post their earnings. Novo Integrated Sciences will start the week, followed by UnitedHealth Group on Tuesday morning. Johnson & Johnson and Elevance Health, Inc. are scheduled for Wednesday, while Novartis AG will report on Thursday.
Among the airlines, United Airlines Holdings will report on Wednesday, and American Airlines on Thursday. Other major companies scheduled to report this week include Netflix, Taiwan Semiconductor Manufacturing Company, and Domino’s Pizza.
More macroeconomic data will be released this week. Following the mixed inflation data, U.S. retail sales figures are due on Tuesday. On Thursday, data on U.S. leading economic indicators and initial jobless claims will be published. Investors will be keenly watching Federal Reserve Chair Jerome Powell’s speech on Monday, along with comments from other Federal Reserve Presidents later in the week.