Today's Stock Market News & Events: 4/16/2021

Today's market-moving economic data and earnings schedule

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Today the week will wrap up with building permits and housing starts data, as well as the preliminary consumer sentiment index.

The following companies are slated to release quarterly earnings reports today, April 16:

Ally Financial Inc. (NYSE:ALLY -- $47.64) provides various digital financial products and services to consumer, commercial, and corporate customers. Ally Financial will report its Q1 earnings of 2021 before the bell today.

The Bank of New York Mellon Corp. (NYSE:BK -- $48.01) provides a range of financial products and services. The Bank of New York Mellon will report its Q1 earnings of 2021 before the bell today.

Citizens Financial Group Inc. (NYSE:CFG -- $44.68) operates as the bank holding company for Citizens Bank, National Association. Citizens Financial Group will report its Q1 earnings of 2021 before the bell today.

Kansas City Southern (NYSE:KSU -- $258.64) provides domestic and international rail transportation services in North America. Kansas City Southern will report its Q1 earnings of 2021 before the bell today.

Morgan Stanley (NYSE:MS -- $80.82) provides various financial products and services. Morgan Stanley will report its Q1 earnings of 2021 before the bell today.

The PNC Financial Services Group Inc. (NYSE:PNC -- $174.79) operates as a diversified financial services company in the United States. PNC will report its Q1 earnings of 2021 before the bell today.

State Street Corp. (NYSE:STT -- $86.51) provides a range of financial products and services to institutional investors. State Street will report its Q1 earnings of 2021 before the bell today.

Here is a quick check on how yesterday's earnings announcements looked:

Bank of America Corp. (NYSE:BAC -- $39.88) provides banking and financial products and services. Bank of America reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.26. The firm had revenue of $22.80 billion for the quarter, compared to analysts' expectations of $21.67 billion.

BlackRock Inc. (NYSE:BLK -- $801.07) is a publicly owned investment manager. BlackRock reported $7.77 earnings per share for the quarter, missing the consensus estimate of $8.26 by $0.49. The company had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.29 billion.

The Charles Schwab Corp. (NYSE:SCHW -- $67.44) is a savings and loan holding company. Charles Schwab reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.35 billion.

Citigroup Inc. (NYSE:C -- $72.91) engages in the provision of financial products and services. Citigroup reported $3.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $1.64. The business earned $19.30 billion during the quarter, compared to the consensus estimate of $18.34 billion.

Delta Air Lines Inc. (NYSE:DAL -- $48.17) provides scheduled air transportation for passengers and cargo. Delta Air Lines reported ($3.55) earnings per share for the quarter, missing the consensus estimate of ($2.73) by $0.82. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.05 billion.

Home Bancshares Inc. (NYSE:HOMB -- $26.98) operates as the bank holding company for Centennial Bank. Home Bancshares reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.11. The company earned $193.40 million during the quarter, compared to the consensus estimate of $172.29 million.

PepsiCo Inc. (NYSE:PEP -- $142.11) operates as a food and beverage company worldwide. PepsiCo reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.09. The business had revenue of $14.82 billion for the quarter, compared to analyst estimates of $14.54 billion.

The Progressive Corp. (NYSE:PGR -- $97.18) provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. Progressive reported $1.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.16.

Rite Aid Corp. (NYSE:RAD -- $19.05) operates a chain of retail drugstores in the United States. Rite Aid reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.81. The company had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.81 billion.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM -- $120.84) manufactures and sells integrated circuits and semiconductors. Taiwan Semiconductor reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The company earned $12.68 billion during the quarter, compared to the consensus estimate of $12.90 billion.

Truist Financial Corp. (NYSE:TFC -- $59.69) provides banking and trust services in the Southeastern and Mid-Atlantic United States. Truist reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.43 billion.

U.S. Bancorp (NYSE:USB -- $57.58) provides various financial services in the United States. U.S. Bancorp reported $1.45 EPS for the quarter, topping the consensus estimate of $0.95 by $0.50. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.53 billion.

UnitedHealth Group Inc. (NYSE:UNH -- $375.63) operates as a diversified health care company in the United States. UnitedHealth reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.90. The company earned $70.20 billion during the quarter, compared to analyst estimates of $69.13 billion.

Westamerica Bancorp (NASDAQ:WABC -- $63.96) operates as a bank holding company for the Westamerica Bank. Westamerica reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01.

Alcoa Corp. (NYSE:AA -- $33.39) produces and sells bauxite, alumina, and aluminum products. Alcoa reported $0.79 EPS for the quarter, topping the consensus estimate of $0.47 by $0.32. The business earned $2.87 billion during the quarter, compared to analysts' expectations of $2.65 billion.

J.B. Hunt Transport Services Inc. (NASDAQ:JBHT -- $169.18) provides surface transportation and delivery services in North America. J.B. Hunt Transport reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.14. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.51 billion.

Marten Transport Ltd. (NASDAQ:MRTN -- $17.63) operates as a temperature-sensitive truckload carrier for shippers. Marten Transport reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The company earned $223.05 million during the quarter, compared to the consensus estimate of $224.05 million.

PPG Industries Inc. (NYSE:PPG -- $150.87) manufactures and distributes paints, coatings, and specialty materials. PPG Industries reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.30. The firm earned $3.88 billion during the quarter, compared to the consensus estimate of $3.68 billion.

Western Alliance Bancorp (NYSE:WAL -- $94.04) operates as the bank holding company for Western Alliance Bank. Western Alliance Bancorp reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.43.

Looking ahead to next week, earnings season remains in full swing. There's still plenty of economic data for investors to digest,including the consumer confidence index, Federal Reserve updates, and the always highly-anticipated weekly jobless claims report. Some big names set to step into the earnings confessional include American Airlines (AAL), American Express (AXP), AT&T (T), Coca-Cola (KO), Chipotle (CMG), Dow Inc. (DOW), Honeywell (HON), IBM (IBM), and Southwest Air (LUV). All economic dates listed here are tentative and subject to change.

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