Anticipated Bank Earnings Galore
Prepare for an eventful week ahead as a plethora of economic data and Federal Reserve speeches take center stage. A flurry of banks, including household names such as Bank of America (BAC), Blackrock (BLK), BNY Mellon (BK), Citigroup (C), Citizens Financial Group (CFG), Fifth Third (FITB), Goldman Sachs (GS), JPMorgan Chase (JPM), KeyCorp (KEY), Morgan Stanley (MS), PNC (PNC), U.S. Bancorp (USB), and Wells Fargo (WC), are poised to release their earnings reports. In addition to the banking sector, notable companies like Netflix (NFLX), United Airlines (UAL), and United Health (UNH) are also set to unveil their financial results.
Key Market Events on the Horizon
The upcoming week promises to be eventful with crucial economic indicators and insightful speeches lined up. Here’s a breakdown of the main events scheduled:
Monday, July 15: The week kicks off with the empire state manufacturing survey and remarks from Federal Reserve Chair Jerome Powell.
Tuesday, July 16: Retail sales data will be released along with business inventories, import price index figures, and the home builder confidence index.
Wednesday, July 17: Expect updates on housing starts, building permits, industrial production, and insights from the Fed’s beige book report.
Thursday, July 18: In addition to the usual jobless claims report, Thursday will bring the Philadelphia Fed manufacturing survey and an update on leading economic indicators.
Friday, July 19: Listen out for speeches from New York Fed President Williams and Atlanta Fed President Raphael Bostic, rounding out the week with valuable insights.
