Bank Stocks Kick Off Another Earnings Season

Retail sales and manufacturing data will also help move markets next week

Deputy Editor
Jul 8, 2021 at 7:00 AM
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Investors are in the throes of summer, with plenty of red-hot economic activity out next week and another earnings season slowly rolling out, with bank stocks some of the first to release quarterly reports. Earnings from bank names JPMorgan Chase (JPM), Bank of America (BAC), PNC (PNC), Morgan Stanley (MS), and Wells Fargo (WFC) are all due out, while Wall Street can also expect reports from PepsiCo (PEP), Delta Air Lines (DAL), and United Health (UNH). While the week starts slow, by Thursday there will be plenty of economic data to digest, including a monthly report from the Organization of Petroleum Exporting Countries (OPEC), manufacturing data, and weekly jobless claims. The week will be rounded out with data on retail sales and business inventories. 

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

The economic calendar will be bare on Monday, July 12

Activity will pick up on Tuesday, July 13, with the core consumer price index (CPI), and the Federal budget balance set for release. 

On Wednesday, July 14, the producer price index (PPI) for June, and the latest Beige Book report will be due out. 

Thursday, July 15, will be packed with activity, including a monthly report from OPEC, data on import and export prices for June, the Empire state manufacturing index, the Philly Fed manufacturing index, industrial production data, and another round of weekly jobless claims.  

Friday, July 9, will wrap up the week, with data on retail sales, business inventories, and the consumer sentiment index on tap. 

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