Today's Stock Market News & Events: 1/22/2021

Today's market-moving economic data and earnings schedule

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Today's economic report calendar features the Markit manufacturing Purchasing Manager's Index (PMI), as well as Markit services PMI and existing home sales. Investors also have a solid list of earnings reports released ahead of the opening bell this morning.

The following companies are slated to release quarterly earnings reports today, January 22:

Ally Financial, Inc. (NYSE:ALLY -- $39.94) provides various digital financial products and services. Ally Financial will report its fourth-quarter earnings of 2020 before the bell today.

First Hawaiian, Inc. (NASDAQ:FHB -- $25.45) operates as a bank holding company for First Hawaiian Bank. First Hawaiian will report its fourth-quarter earnings of 2020 before the bell today.

First Horizon Corporation (NYSE:FHN -- $14.34) operates as the bank holding company for First Horizon Bank. First Horizon will report its fourth-quarter earnings of 2020 before the bell today.

Huntington Bancshares, Inc. (NASDAQ:HBAN -- $14.51) operates as a holding company for The Huntington National Bank. Huntington Banc will report its fourth-quarter earnings of 2020 before the bell today.

Kansas City Southern (NYSE:KSU -- $212.99) provides domestic and international rail transportation services. Kansas City Southern will report its fourth-quarter earnings of 2020 before the bell today.

New Oriental Education & Technology Group, Inc. (NYSE:EDU -- $182.89) provides private educational services under the New Oriental brand. New Oriental Education & Technology will report its fourth-quarter earnings of 2020 before the bell today.

Regions Financial Corporation (NYSE:RF -- $17.79) provides banking and bank-related services. Regions Fincl will report its fourth-quarter earnings of 2020 before the bell today.

Schlumberger Limited (NYSE:SLB -- $24.19) supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Schlumberger will report its fourth-quarter earnings of 2020 before the bell today.

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

Baker Hughes Company (NYSE:BKR -- $22.89) provides a portfolio of technologies and services. Earnings per share fell 125.93% year over year to ($0.07), which missed the estimate of $0.17. Revenue of $5,495,000,000 declined by 13.42% year over year, which beat the estimate of $5,420,000,000.

Banc of California, Inc. (NYSE:BANC -- $17.95) operates as the bank holding company for Banc of California, National Association. Earnings per share were up 75.00% year over year to $0.35, which beat the estimate of $0.18. Revenue of $61,563,000 up by 8.65% year over year, which beat the estimate of $58,160,000.

BankUnited, Inc. (NYSE:BKU -- $38.50) operates as the bank holding company for BankUnited. Earnings per share fell 2.20% over the past year to $0.89, which beat the estimate of $0.70. Revenue of $228,646,000 rose by 2.50% year over year, which beat the estimate of $225,300,000.

Fifth Third Bancrop (NASDAQ:FITB -- $31.33) operates as a diversified financial services company. Earnings per share were up 29.41% year over year to $0.88, which beat the estimate of $0.69. Revenue of $1,972,000,000 declined by 13.01% year over year, which beat the estimate of $1,910,000,000.

Flagstar Bancorp, Inc. (NYSE:FBC -- $45.35) operates as a savings and loan holding company for Flagstar Bank, FSB. Earnings per share increased 183.00% year over year to $2.83, which beat the estimate of $2.36. Revenue of $189,000,000 rose by 24.34% year over year, which beat the estimate of $181,920,000.

KeyCorp (NYSE:KEY -- $18.29) operates as the holding company for KeyBank National Association. Earnings per share increased 16.67% over the past year to $0.56, which beat the estimate of $0.43. Revenue of $1,845,000,000 rose by 12.64% from the same period last year, which beat the estimate of $1,710,000,000.

M&T Bank Corporation (NYSE:MTB -- $143.73) operates as the holding company for Manufacturers and Traders Trust Company. Earnings per share decreased 2.76% over the past year to $3.52, which beat the estimate of $3.03. Revenue of $1,541,000,000 higher by 0.72% year over year, which beat the estimate of $1,460,000,000.

Northern Trust Corporation (NASDAQ:NTRS -- $94.80) provides wealth management, asset servicing, asset management, and banking solutions. Earnings per share were down 17.68% over the past year to $1.49, which were in line with the estimate of $1.49. Revenue of $1,522,000,000 decreased by 1.68% year over year, which beat the estimate of $1,500,000,000.

Signature Bank (NASDAQ:SBNY -- $153.72) provides various business and personal banking products and services. Earnings per share were up 17.27% year over year to $3.26, which beat the estimate of $2.89. Revenue of $419,174,000 rose by 21.29% year over year, which missed the estimate of $419,430,000.

TAL Education Group (NYSE:TAL -- $67.74) provides K-12 after-school tutoring services in the People's Republic of China. Earnings per share fell 22.22% over the past year to $0.07, which were in line with the estimate of $0.07. Revenue of $1,119,000,000 up by 29.76% year over year, which beat the estimate of $1,030,000,000.

The Travelers Companies, Inc. (NYSE:TRV -- $145.02) provides a range of commercial and personal property, and casualty insurance products and services. Earnings per share increased 47.89% over the past year to $4.91, which beat the estimate of $3.18. Revenue of $8,397,000,000 higher by 4.14% from the same period last year, which beat the estimate of $7,270,000,000.

Truist Financial Corporation (NYSE:TFC -- $51.63) provides banking and trust services. Earnings per share rose 5.36% over the past year to $1.18, which beat the estimate of $0.97. Revenue of $5,651,000,000 higher by 55.89% year over year, which beat the estimate of $5,410,000,000.

Union Pacific Corporation (NYSE:UNP -- $218.18) engages in the railroad business. Earnings per share were up 16.83% year over year to $2.36, which beat the estimate of $2.29. Revenue of $5,141,000,000 decreased by 1.36% from the same period last year, which beat the estimate of $5,090,000,000.

Webster Financial Corporation (NYSE:WBS -- $51.82) operates as the holding company for Webster Bank, National Association. Earnings per share rose 3.13% over the past year to $0.99, which beat the estimate of $0.71. Revenue of $216,929,000 decreased by 6.19% year over year, which missed the estimate of $228,360,000.

WNS Holdings, Ltd. (NYSE:WNS -- $71.78) provides data, voice, analytical, and business transformation services. Earnings per share were down 1.25% year over year to $0.79, which beat the estimate of $0.60. Revenue of $224,500,000 decreased by 1.62% year over year, which beat the estimate of $213,430,000.

Westamerica Bancorporation (NASDAQ:WABC -- $59.75) operates as a bank holding company for Westamerica Bank. Earnings per share rose 54.40% over the past year to $1.93, which beat the estimate of $1.32. Revenue of $338,600,000 up by 17.57% year over year, which beat the estimate of $318,740,000.

Assoc Banc-Corp (NYSE:ASB -- $19.90) provides various banking and nonbanking products. Earnings per share fell 6.98% year over year to $0.40, which beat the estimate of $0.31. Revenue of $273,707,000 declined by 6.61% year over year, which beat the estimate of $272,700,000.

Bank OZK (NYSE:OZK -- $34.62) provides various retail and commercial banking services. Earnings per share were up 19.23% year over year to $0.93, which beat the estimate of $0.78. Revenue of $266,261,000 rose by 8.51% year over year, which beat the estimate of $251,810,000.

International Business Machines Corporation (NYSE:IBM -- $130.08) provides integrated solutions and services. Earnings per share fell 56.05% over the past year to $2.07, which beat the estimate of $1.79. Revenue of $20,367,000,000 decreased by 6.47% year over year, which missed the estimate of $20,670,000,000.

Intuitive Surgical, Inc. (NASDAQ:ISRG -- $798.57) designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Earnings per share increased 2.87% year over year to $3.58, which beat the estimate of $3.12. Revenue of $1,329,000,000 rose by 3.99% year over year, which beat the estimate of $1,240,000,000.

National Bank Holdings Corporation (NYSE:NBHC -- $35.99) operates as the bank holding company for NBH Bank. Earnings per share increased 41.94% year over year to $0.88, which beat the estimate of $0.66. Revenue of $81,913,000 rose by 15.91% year over year, which beat the estimate of $79,510,000.

People's United Financial, Inc. (NASDAQ:PBCT -- $14.45) operates as the bank holding company for People's United Bank, National Association. Earnings per share fell 5.41% year over year to $0.35, which beat the estimate of $0.33. Revenue of $561,000,000 up by 10.67% year over year, which beat the estimate of $500,070,000.

PPG Industries, Inc. (NYSE:PPG -- $144.55) manufactures and distributes paints, coatings, and specialty materials. Earnings per share were up 21.37% over the past year to $1.59, which beat the estimate of $1.58. Revenue of $3,757,000,000 rose by 2.31% from the same period last year, which beat the estimate of $3,590,000,000.

Seagate Tech plc (NASDAQ:STX -- $61.42) provides data storage technology and solutions. Earnings per share were down 4.44% year over year to $1.29, which beat the estimate of $1.13. Revenue of $2,623,000,000 declined by 2.71% year over year, which beat the estimate of $2,560,000,000.

SVB Financial Group (NASDAQ:SIVB -- $462.71) provides various banking and financial products and services. Earnings per share were up 46.25% year over year to $7.40, which beat the estimate of $3.83. Revenue of $1,213,000,000 up by 43.21% year over year, which beat the estimate of $863,580,000.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI -- $68.98) operates as the bank holding company for Texas Capital Bank, National Association. Earnings per share were down 20.83% over the past year to $1.14, which beat the estimate of $1.13. Revenue of $265,896,000 decreased by 0.09% from the same period last year, which beat the estimate of $250,270,000.

Western Alliance Bancorporation (NYSE:WAL -- $71.31) operates as the holding company for Western Alliance Bank. Earnings per share rose 54.40% over the past year to $1.93, which beat the estimate of $1.32. Revenue of $338,600,000 up by 17.57% year over year, which beat the estimate of $318,740,000.

Looking ahead to next week, January is set to end with a packed schedule, giving investors plenty to look forward to following an eventful beginning to the new year. Though Monday starts slow, Tuesday features the Federal Housing Finance Agency (FHFA) home price index, amongst other notable indexes. Midweek, there will be a press conference with Federal Reserve Chairman Jerome Powell, and another fresh batch of jobless data is due out. A plethora of data is slated for Friday, including the latest Chicago Purchasing Managers' Index (PMI). On top of the economic data schedule, there will be another jam-packed week of earnings reports slated to be released.

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

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