Today's Stock Market News & Events: 1/21/2021

Today's market-moving economic data and earnings schedule

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Today comes with initial and continuing jobless claims, housing starts, building permits, and the latest Philadelphia Federal Reserve Manufacturing index. Plus, a ton of companies are slated to release earnings today.

The following companies are slated to release quarterly earnings reports today, January 21:

Baker Hughes Company (NYSE:BKR -- $22.89) provides a portfolio of technologies and services. Baker Hughes will report its fourth-quarter earnings of 2020 before the bell today.

Banc of California, Inc. (NYSE:BANC -- $17.95) operates as the bank holding company for Banc of California, National Association. Banc of California will report its fourth-quarter earnings of 2020 before the bell today.

BankUnited, Inc. (NYSE:BKU -- $38.50) operates as the bank holding company for BankUnited. BankUnited will report its fourth-quarter earnings of 2020 before the bell today.

Fifth Third Bancrop (NASDAQ:FITB -- $31.33) operates as a diversified financial services company. Fifth Third will report its fourth-quarter earnings of 2020 before the bell today.

Flagstar Bancorp, Inc. (NYSE:FBC -- $45.35) operates as a savings and loan holding company for Flagstar Bank, FSB. Flagstar Bancorp will report its fourth-quarter earnings of 2020 before the bell today.

Home Bancshares, Inc. (NASDAQ:HOMB -- $21.30) operates as the bank holding company for Centennial Bank. Home Bancshares will report its fourth-quarter earnings of 2020 before the bell today.

KeyCorp (NYSE:KEY -- $18.29) operates as the holding company for KeyBank National Association. KeyCorp will report its fourth-quarter earnings of 2020 before the bell today.

M&T Bank Corporation (NYSE:MTB -- $143.73) operates as the holding company for Manufacturers and Traders Trust Company. M&T Bank will report its fourth-quarter earnings of 2020 before the bell today.

Northern Trust Corporation (NASDAQ:NTRS -- $94.80) provides wealth management, asset servicing, asset management, and banking solutions. Northern Trust will report its fourth-quarter earnings of 2020 before the bell today.

Signature Bank (NASDAQ:SBNY -- $153.72) provides various business and personal banking products and services. Signature Bank will report its fourth-quarter earnings of 2020 before the bell today.

TAL Education Group (NYSE:TAL -- $67.74) provides K-12 after-school tutoring services in the People's Republic of China. TAL Education will report its fourth-quarter earnings of 2020 before the bell today.

The Travelers Companies, Inc. (NYSE:TRV -- $145.02) provides a range of commercial and personal property, and casualty insurance products and services. Travelers will report its fourth-quarter earnings of 2020 before the bell today.

Truist Financial Corporation (NYSE:TFC -- $51.63) provides banking and trust services. Truist will report its fourth-quarter earnings of 2020 before the bell today.

Union Pacific Corporation (NYSE:UNP -- $218.18) engages in the railroad business. Union Pacific will report its fourth-quarter earnings of 2020 before the bell today.

Webster Financial Corporation (NYSE:WBS -- $51.82) operates as the holding company for Webster Bank, National Association. Webster Financial will report its fourth-quarter earnings of 2020 before the bell today.

WNS Holdings, Ltd. (NYSE:WNS -- $71.78) provides data, voice, analytical, and business transformation services. WNS will report its fourth-quarter earnings of 2020 before the bell today.

Westamerica Bancorporation (NASDAQ:WABC -- $59.75) operates as a bank holding company for Westamerica Bank. Westamerica Banc will report its fourth-quarter earnings of 2020 during trading hours today.

Assoc Banc-Corp (NYSE:ASB -- $19.90) provides various banking and nonbanking products. Assoc Banc-Corp will report its fourth-quarter earnings of 2020 after the market closes today.

Bank OZK (NYSE:OZK -- $34.62) provides various retail and commercial banking services. Bank OZK will report its fourth-quarter earnings of 2020 after the market closes today.

CSX Corporation (NASDAQ:CSX -- $93.21) provides rail-based freight transportation services. CSX will report its fourth-quarter earnings of 2020 after the market closes today.

International Business Machines Corporation (NYSE:IBM -- $130.08) provides integrated solutions and services. IBM will report its fourth-quarter earnings of 2020 after the market closes today.

Intuitive Surgical, Inc. (NASDAQ:ISRG -- $798.57) designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Intuitive Surgical will report its fourth-quarter earnings of 2020 after the market closes today.

National Bank Holdings Corporation (NYSE:NBHC -- $35.99) operates as the bank holding company for NBH Bank. National Bank will report its fourth-quarter earnings of 2020 after the market closes today.

People's United Financial, Inc. (NASDAQ:PBCT -- $14.45) operates as the bank holding company for People's United Bank, National Association. People's United Financial will report its fourth-quarter earnings of 2020 after the market closes today.

PPG Industries, Inc. (NYSE:PPG -- $144.55) manufactures and distributes paints, coatings, and specialty materials. PPG Industries will report its fourth-quarter earnings of 2020 after the market closes today.

Seagate Tech plc (NASDAQ:STX -- $61.42) provides data storage technology and solutions. Seagate Tech will report its fourth-quarter earnings of 2020 after the market closes today.

SVB Financial Group (NASDAQ:SIVB -- $462.71) provides various banking and financial products and services. SVB Financial Group will report its fourth-quarter earnings of 2020 after the market closes today.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI -- $68.98) operates as the bank holding company for Texas Capital Bank, National Association. Texas Capital will report its fourth-quarter earnings of 2020 after the market closes today.

Western Alliance Bancorporation (NYSE:WAL -- $71.31) operates as the holding company for Western Alliance Bank. Western Alliance Bancorp will report its fourth-quarter earnings of 2020 after the market closes today.

Here is a quick recap of how Wednesday's earnings reports played out:

The Bank of New York Mellon Corporation (NYSE:BK -- $45.82) provides a range of financial products and services. Earnings per share fell 4.95% year over year to $0.96, which beat the estimate of $0.91. Revenue of $3,904,000,000 declined by 2.11% year over year, which beat the estimate of $3,830,000,000.

BOK Financial Corporation (NASDAQ:BOKF -- $80.43) operates as the financial holding company for BOKF, NA. Earnings per share rose 37.27% over the past year to $2.21, which beat the estimate of $1.92. Revenue of $494,008,000 up by 10.06% from the same period last year, which beat the estimate of $483,140,000.

Citizens Financial Group, Inc. (NYSE:CFG -- $40.83) provides a range of financial products and services. Earnings per share were unchanged 0.00% over the past year to $0.99, which beat the estimate of $0.91. Revenue of $1,707,000,000 rose by 4.28% year over year, which beat the estimate of $1,700,000,000.

Commerce Bancshares, Inc. (NASDAQ:CBSH -- $71.12) operates as the bank holding company for Commerce Bank. Earnings per share were up 19.35% over the past year to $1.11, which beat the estimate of $0.94. Revenue of $344,880,000 decreased by 0.36% year over year, which missed the estimate of $345,900,000.

Fastenal Company (NASDAQ:FAST -- $50.42) engages in the wholesale distribution of industrial and construction supplies. Earnings per share increased 9.68% over the past year to $0.34, which beat the estimate of $0.33. Revenue of $1,358,000,000 rose by 6.34% from the same period last year, which beat the estimate of $1,340,000,000.

Morgan Stanley (NYSE:MS -- $74.99) provides various financial products and services. Earnings per share were up 60.00% year over year to $1.92, which beat the estimate of $1.27. Revenue of $13,640,000,000 rose by 25.63% year over year, which beat the estimate of $11,540,000,000.

The Procter & Gamble Company (NYSE:PG -- $133.60) provides branded consumer packaged goods to consumers. Earnings per share increased 15.49% over the past year to $1.64, which beat the estimate of $1.51. Revenue of $19,745,000,000 rose by 8.25% from the same period last year, which beat the estimate of $19,270,000,000.

U.S. Bancorp (NYSE:USB -- $48.07) provides various financial services. Earnings per share fell 12.04% over the past year to $0.95, which were in line with the estimate of $0.95. Revenue of $5,725,000,000 rose by 1.45% from the same period last year, which missed the estimate of $5,820,000,000.

UnitedHealth Group, Inc. (NYSE:UNH -- $352.19) operates as a diversified health care company. Earnings per share were down 35.38% over the past year to $2.52, which beat the estimate of $2.41. Revenue of $65,467,000,000 rose by 7.50% year over year, which beat the estimate of $65,060,000,000.

Alcoa Corporation (NYSE:AA -- $23.09) produces and sells bauxite, alumina, and aluminum products. Earnings per share rose 183.87% year over year to $0.26, which beat the estimate of $0.11. Revenue of $2,392,000,000 declined by 1.81% year over year, which beat the estimate of $2,350,000,000.

Discover Financial Services (NYSE:DFS -- $99.07) operates as a direct banking and payment services company. Earnings per share rose 15.11% year over year to $2.59, which beat the estimate of $2.42. Revenue of $2,824,000,000 declined by 4.08% year over year, which beat the estimate of $2,820,000,000.

Hancock Whitney Corporation (NASDAQ:HWC -- $40.06) operates as the bank holding company for Hancock Whitney Bank. Earnings per share were up 10.38% over the past year to $1.17, which beat the estimate of $0.90. Revenue of $320,636,000 up by 0.31% from the same period last year, which beat the estimate of $319,540,000.

Kinder Morgan, Inc. (NYSE:KMI -- $15.55) operates as an energy infrastructure company. Earnings per share rose 3.85% over the past year to $0.27, which beat the estimate of $0.24. Revenue of $3,115,000,000 declined by 7.07% year over year, which beat the estimate of $3,050,000,000.

Sterling Bancorp (NYSE:STL -- $20.85) operates as the bank holding company for Sterling National Bank. Earnings per share fell 9.26% year over year to $0.49, which beat the estimate of $0.46. Revenue of $222,026,000 declined by 2.73% from the same period last year, which beat the estimate of $219,560,000.

Umpqua Holdings Corporation (NASDAQ:UMPQ -- $16.69) operates as the holding company of Umpqua Bank. Earnings per share were up 78.95% over the past year to $0.68, which beat the estimate of $0.48. Revenue of $358,867,000 higher by 15.55% from the same period last year, which beat the estimate of $330,500,000.

Looking ahead to tomorrow, Friday will feature the Markit manufacturing Purchasing Manager's Index (PMI), as well as Markit services PMI and existing home sales.

All economic dates listed here are tentative and subject to change.

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