The Embrace of Bank Earnings
Prepare for a week filled to the brim with revelations, as each passing day unveils a treasure trove of economic insights and Federal Reserve expositions. A deluge of banking giants, including Bank of America (BAC), Blackrock (BLK), BNY Mellon (BK), Citigroup (C), Citizens Financial Group (CFG), Fifth Third (FITB), Goldman Sachs (GS), KeyCorp (KEY), Morgan Stanley (MS), PNC (PNC), and U.S. Bancorp (USB), are set to disclose their earnings. But that’s not all – Netflix (NFLX), United Airlines (UAL), and United Health (UNH) are just a glimpse of the myriad of companies slated to bare their financial souls.
Here’s a sneak peek at the pivotal market events unfolding in the upcoming week. Please note that all economic dates mentioned are tentative and subject to potential alterations.
Monday, July 15 inaugurates the week in style with the empire state manufacturing survey and pearls of wisdom from Federal Reserve Chair Jerome Powell.
Turning the spotlight to Tuesday, July 16, where retail sales take center stage alongside business inventories, import price index data, and the home builder confidence index.
Wednesday, July 17 marks the appearance of housing starts, building permits, industrial production data, and of course, the eagerly awaited Fed’s beige book report.
As the week progresses, Thursday, July 18, not to be outdone, presents the Philadelphia Fed manufacturing survey along with leading economic indicators, all against the backdrop of the reliable jobless claims report.
Finally, as we round up the week on Friday, July 19, both New York Fed President Williams and Atlanta Fed President Raphael Bostic will share their insights.