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MNI US EARNINGS SCHEDULE - Banks Take Early Focus

Earnings season informally begins this week with Pepsi's midweek report, before BlackRock, Wells Fargo and JP Morgan
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Highlights:

  • Earnings season informally begins this week with Pepsi's midweek report, before BlackRock, Wells Fargo and JP Morgan on Friday.
  • Unfortunately for net interest margins, the Fed's first rate cut since the pandemic will have come too late in the quarter to provide any material relief for banks - leaving initial focus on FICC revenues and general cost reduction.
  • Just over half of the S&P 500 by market cap will have reported by the end of October – although significant releases still cross through November, with NVIDIA scheduled for 21st November. 

Full schedule for the quarter including timings, EPS & revenue expectations here: MNIUSEARNINGS081024.pdf

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Highlights:

  • Earnings season informally begins this week with Pepsi's midweek report, before BlackRock, Wells Fargo and JP Morgan on Friday.
  • Unfortunately for net interest margins, the Fed's first rate cut since the pandemic will have come too late in the quarter to provide any material relief for banks - leaving initial focus on FICC revenues and general cost reduction.
  • Just over half of the S&P 500 by market cap will have reported by the end of October – although significant releases still cross through November, with NVIDIA scheduled for 21st November. 

Full schedule for the quarter including timings, EPS & revenue expectations here: MNIUSEARNINGS081024.pdf