Last week, the inflation report delivered mixed results. The Consumer Price Index (CPI) indicated a slowdown in inflation, while the Producer Price Index (PPI) increased faster than expected in June. The stock market is performing well, and attention is focused on the Federal Reserve’s comments regarding potential interest rate cuts in the coming months.
This week continues to be busy with earnings reports from major banks and financial institutions. Here 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 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 post their latest quarterly results in the morning. Western Alliance Bancorporation, Pinnacle Financial Partners, Fulton Financial Corporation, and some other banks will report their earnings in the evening.
Wednesday:
Citizens Financial Group, First Horizon Corporation, and Ally Financial will release their earnings report 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 post their earnings before the market opens.
Additionally, health insurance and pharmaceutical companies are set to report their earnings. Novo Integrated Sciences begins the week, followed by UnitedHealth Group on Tuesday. Johnson & Johnson and Elevance Health, Inc. will report on Wednesday, and Novartis AG on Thursday.
Airlines and other major companies are also releasing earnings this week. United Airlines Holdings will report on Wednesday, and American Airlines will report on Thursday. Other notable companies reporting this week include Netflix, Taiwan Semiconductor Manufacturing Company, and Domino’s Pizza.
More macroeconomic data is expected this week. 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 pay close attention to Federal Reserve Chair Jerome Powell, who is scheduled to speak on Monday, along with other Federal Reserve Presidents speaking later in the week.