Major Banks Kick Off Earnings Season Alongside Key US Inflation Data
Wall Street faces a packed schedule this week driven by third-quarter financial results from major banks and key inflation data. JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Goldman Sachs Group Inc. (GS), and Wells Fargo & Co. (WFC) report quarterly earnings before Tuesday's opening bell. Bank of America Corp. (BAC), Morgan Stanley (MS), and BlackRock Inc. (BLK) follow on Wednesday. Additional earnings are due from UnitedHealth Group Inc. (UNH), Domino's Pizza Inc. (DPZ), and Johnson & Johnson (JNJ).
The earnings reports will show how major institutions are faring in the current environment, while the September Consumer Price Index report will clarify price trends. Monthly CPI is expected to increase by 0.6%, with core CPI expected to gain 0.2%. On an annual basis, headline CPI is projected at 3.7% and core CPI at 2.5%. These statistics remain critical for assessing potential Federal Reserve interest rate moves.
Federal Reserve Governor Kevin Warsh is scheduled to speak on Thursday at the IMF and World Bank Group Annual Meetings, alongside comments from Cleveland Fed President Beth Hammack. Recent trading showed Citigroup Inc. (C) up 1.22% at 129.6 USD, Wells Fargo & Company (WFC) up 1.85% at 83.55 USD, and Johnson & Johnson (JNJ) up 1.93% at 261.4 USD.
Key points
- Major banks including JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo release quarterly results on Tuesday before the market opens.
- Bank of America, Morgan Stanley, and BlackRock are scheduled to report their financial metrics on Wednesday morning.
- The September Consumer Price Index is expected to show a 0.6% monthly rise and a 3.7% annual inflation rate.
- Core inflation is forecasted to increase 0.2% month-over-month and 2.5% compared to the previous year.
- Federal Reserve Governor Kevin Warsh will deliver remarks on Thursday during the IMF and World Bank Group meetings.
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Which major banks are reporting earnings this week?
JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo report on Tuesday morning. Bank of America, Morgan Stanley, and BlackRock follow on Wednesday morning.
What are the expectations for September CPI inflation data?
Analysts expect monthly CPI to rise 0.6% with core CPI up 0.2%. On an annual basis, headline CPI is expected at 3.7% and core CPI at 2.5%.
When is Federal Reserve Governor Kevin Warsh scheduled to speak?
Kevin Warsh is scheduled to speak on Thursday at the 2026 Annual Meetings of the Boards of Governors of the IMF and World Bank Group.