Last week, the inflation report presented a mixed picture. While the Consumer Price Index (CPI) indicated a slowdown, the Producer Price Index (PPI) rose faster than anticipated in June. The stock market remains stable, and anticipation is high regarding the Federal Reserve’s forthcoming stance on interest rate adjustments.
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This week, several major banks and financial institutions are set to release their earnings reports.
On Monday, Goldman Sachs and BlackRock will announce their earnings before the market opens, followed by reports from FB Financial Corporation, ServisFirst Bancshares, CrossFirst Bankshares, and others after the closing bell.
Tuesday will see earnings reports from Bank of America, Morgan Stanley, the Charles Schwab Corporation, and PNC Financial Services Group in the morning, with Western Alliance Bancorporation, Pinnacle Financial Partners, and Fulton Financial Corporation reporting in the evening.
Wednesday’s reports will come from Citizens Financial Group, First Horizon Corporation, and Ally Financial before the market opens.
On Thursday, Blackstone, M&T Bank Corporation, and First Financial Bankshares will release their earnings reports.
Friday’s reports will include American Express and Fifth Third Bancorp, released before the market opens.
In the health insurance and pharmaceutical sectors, Novo Integrated Sciences will start the week with its earnings report. Tuesday will feature UnitedHealth Group’s report in the morning, followed by Johnson & Johnson and Elevance Health, Inc. on Wednesday, and Novartis AG on Thursday.
Among airlines, 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.
Additionally, more macroeconomic data will be released. The U.S. retail sales data will be published on Tuesday, and on Thursday, data on U.S. leading economic indicators and initial jobless claims will be available. Investors are keenly awaiting comments from Federal Reserve Chair Jerome Powell, who is scheduled to speak on Monday, along with other Federal Reserve Presidents later in the week.