Earnings expected from JPMorgan Chase, Wells Fargo, Goldman Sachs, and First Republic Bank
Today brings the import price index and the Federal Reserve's latest "Beige Book" report.
The following companies are slated to release quarterly earnings report today, April 14:
Bed Bath & Beyond Inc. (NASDAQ:BBBY -- $27.93) engages in the operation of retail stores and retails domestics merchandise and home furnishings. Bed Bath & Beyond will report its Q41 earnings of 2020 before the bell today.
First Republic Bank (NYSE:FRC -- $169.93) provides private banking, private business banking, and private wealth management services. First Republic Bank will report its Q1 earnings of 2021 before the bell today.
The Goldman Sachs Group Inc. (NYSE:GS -- $327.68) engages in global investment banking, securities, and investment management. Goldman Sachs will report its Q1 earnings of 2021 before the bell today.
JPMorgan Chase & Co. (NYSE:JPM -- $154.09) provides financial and investment banking services. JPMorgan Chase will report its Q4 earnings of 2020 before the bell today.
The Lovesac Co. (NASDAQ:LOVE -- $65.74) is a technology driven, omni-channel company. Lovesac will report its Q4 earnings of 2020 before the bell today.
Wells Fargo & Co. (NYSE:WFC -- $39.79) provides banking, investment, mortgage, and consumer and commercial finance products and services. Wells Fargo will report its Q1 earnings of 2021 before the bell today.
Shaw Communications Inc. (NYSE:SJR -- $26.87) operates as a connectivity company in North America. Shaw will report its Q2 earnings of 2021 after the close today.
Here is a quick check on how yesterday's earnings announcements looked:
Fastenal Co. (NASDAQ:FAST -- $50.71) engages in the wholesale distribution of industrial and construction supplies. Fastenal reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The company earned $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Its quarterly revenue was up 3.7% compared to the same quarter last year.
Washington Federal Inc. (NASDAQ:WAFD -- $31.43) operates as the bank holding company for Washington Federal Bank, National Association. Washing Federal reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $134.38 million for the quarter, compared to analyst estimates of $127.60 million.
Looking ahead to tomorrow, the market will be flooded with economic data. Among the most relevant indicators are the most recent round of weekly jobless claims, the Empire State Manufacturing Index, and the Philadelphia Fed Manufacturing Index. Also on tap is retail sales, industrial production, capacity utilization and business inventories data. Plus, the National Association of Home Builders (NAHB) index will come out.
All economic dates listed here are tentative and subject to change.