Last week, the inflation report presented mixed results. The Consumer Price Index (CPI) showed a slowdown in inflation, while the Producer Price Index (PPI) increased faster than expected in June. The stock market remains stable, and all attention is on the Federal Reserve’s upcoming statements regarding interest rate cuts.
This Week’s Schedule:
Banks and Financial Institutions Reporting Earnings:
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 other banks will report their earnings in the evening.
Wednesday:
Citizens Financial Group, First Horizon Corporation, and Ally Financial will 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 post about their earnings before the market opens.
Health Insurance and Pharma Companies Reporting Earnings:
Monday:
Novo Integrated Sciences will publish its earnings report.
Tuesday:
UnitedHealth Group will report its earnings in the morning.
Wednesday:
Johnson & Johnson and Elevance Health, Inc. will release their financial reports.
Thursday:
Novartis AG will publish its earnings report.
Other Important Earnings Reports:
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.
Additional 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 available. Investors will be focusing on Federal Reserve Chair Jerome Powell’s speech on Monday, as well as comments from other Federal Reserve Presidents scheduled to speak later in the week.