Major indices are mixed today.
The major indices are mixed in an up and down trading today. The Nasdaq is up small, the S&P and Dow are down small.
Financials are lower mainly with the losses outpacing the indices.
Looking at the changes of the some of the banks I look at shows:
- Wells Fargo is down -0.12%. That is the best performer
- Bank of America is down -0.99% on the day and the worst performer.
Below is a snapshot.
The banks will be the focus on Friday when some of the majors are scheduled to report. Below is a list of those banks:
- Citigroup
- JP Morgan
- Wells Fargo
- PNC Financial
- First Republic Bank
Then on Monday the earnings from Bank of America will be released.
Traditionally, banks get the earnings season started. Last quarter, earnings tended to beat expectations overall, but that does not mean there were not some wild roller coaster moves. We will see how things work out this quarter with higher rates, a higher dollar, tariffs being potential drags especially for multinationals. Offsetting is a stronger economy,with relatively low inflationary pressures and high employment.
Below is a list of some of the other scheduled earnings dates for some of the major corporations:
October 12
Citigroup
J.P.
Morgan Chase
Wells
Fargo
PNC
financials
October 15
Bank
of America
Interactive
brokers
Charles's
Schwab
October 16
IBM
United
ContinentalC
CSX
Comerica
Unitedhealth
group
Goldman
Sachs
Netflix
Morgan
Stanley
Johnson
& Johnson
October 17
Alcoa
U.S.
Bancorp
eBay
October 18
Athenahealth
American
Express
Blackstone
group
E*TRADE
PayPal
Travelers
Philip
Morris
Intuitive
surgical
October 19
Procter
& Gamble
Honeywell
international
Schlumberger
