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“Mixed Signals: Financial Earnings, Healthcare Reports, and More Await”

Last week, the inflation report presented mixed results. The Consumer Price Index (CPI) indicated a slowdown in inflation, while the Producer Price Index (PPI) rose faster than expected in June. The stock market remains stable, and attention is focused on the Federal Reserve’s upcoming statement regarding interest rate cuts.

This week, several key events are scheduled:

More banks and financial institutions to report this week

This week will see earnings reports from major banking giants 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 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 on Thursday.

Friday

American Express and Fifth Third Bancorp will post 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’s earnings report on Monday. On Tuesday, UnitedHealth Group will report its earnings in the morning. On Wednesday, Johnson & Johnson and Elevance Health, Inc. will release their financial reports, followed by Novartis AG on Thursday.

Other important earnings to watch

In the airline industry, 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 the conflicting inflation data last 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 published. Investors will also focus on the Federal Reserve Chair Jerome Powell’s speech on Monday, as well as statements from other Federal Reserve Presidents later in the week.

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