Earnings season starting with JP Morgan, Wells Fargo, Citigroup, and Delta reports.

From Barchart: 2024-07-08 07:00:02

Earnings season is kicking off this week, with major companies like JP Morgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and Delta (DAL) set to report. Investors are eagerly awaiting the financial results of these big names to gauge the health of the economy and stock market.

JP Morgan Chase (JPM) is expected to report strong earnings, supported by a rebound in trading revenue and increased loan demand. Wells Fargo (WFC) is also anticipated to post solid results, driven by improving credit quality and a recovering economy.

Citigroup (C) is projected to deliver a mixed earnings report, as the bank faces headwinds from low interest rates and ongoing regulatory challenges. Delta (DAL) is likely to report a significant loss, due to the continued impact of the COVID-19 pandemic on the airline industry.

Investors will closely monitor these earnings reports for insights into the current state of the economy and potential market trends. With high expectations and uncertainty surrounding the recovery from the pandemic, these earnings releases are sure to have a significant impact on stock prices in the coming days.



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