Today's Stock Market News & Events: 7/16/2021

Today's market-moving economic data and earnings schedule

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

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

Autoliv Inc. (NYSE:ALV -- $94.98) develops, manufactures, and supplies automotive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. Autoliv will report its Q4 earnings of 2021 before the bell today.

The Charles Schwab Corp. (NYSE:SCHW -- $70.55) provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Charles Schwab will report its Q2 earnings of 2021 before the bell today.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC -- $13.25) provides communication infrastructure, services, and software solutions to the telecom and other sectors. Ericsson will report its Q2 earnings of 2021 before the bell today.

First Horizon Corp. (NYSE:FHN -- $16.47) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. First Horizon will report its Q2 earnings of 2021 before the bell today.

Kansas City Southern (NYSE:KSU -- $269.32) provides domestic and international rail transportation services in North America. Kansas City Southern will report its Q2 earnings of 2021 before the bell today.

State Street Corp. (NYSE:STT -- $81.97) provides a range of financial products and services to institutional investors worldwide. State Street will report its Q2 earnings of 2021 before the bell today.

Here is a quick look at how yesterday's earnings reports compared to Wall Street's expectations:

The Bank of New York Mellon Corp. (NYSE:BK -- $49.28) provides a range of financial products and services in the United States and internationally. Bank of New York Mellon reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.13. The company earned $3.96 billion during the quarter, compared to the consensus estimate of $3.86 billion.

Cintas Corp. (NASDAQ:CTAS -- $378.95) provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. Cintas reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.16. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion.

Home Bancshares Inc. (NASDAQ:HOMB -- $23.45) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Home Bancshares reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. The business earned $172.40 million during the quarter, compared to analysts' expectations of $174.17 million

Morgan Stanley (NYSE:MS -- $92.46) provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. Morgan Stanley reported $1.85 EPS for the quarter, topping the consensus estimate of $1.66 by $0.19. The company earned $14.76 billion during the quarter, compared to analysts' expectations of $13.99 billion.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM -- $124.39) manufactures and sells integrated circuits and semiconductors. Taiwan Semiconductor reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $372.15 billion for the quarter, compared to analyst estimates of $372.58 billion.

Truist Financial Corp. (NYSE:TFC -- $54.43) provides banking and trust services in the Southeastern and Mid-Atlantic United States. Truist reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.38. The company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.48 billion.

U.S. Bancorp. (NYSE:USB -- $56.99) provides various financial services in the United States. U.S. Bancorp reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.14. The business earned $5.78 billion during the quarter, compared to analyst estimates of $5.62 billion.

UnitedHealth Group Inc. (NYSE:UNH -- $414.74) operates as a diversified health care company in the United States. UnitedHealth reported $4.70 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.27. The firm earned $71.32 billion during the quarter, compared to analyst estimates of $69.51 billion.

WNS (Holdings) Ltd. (NYSE:WNS -- $80.96) provides a range of financial products and services in the United States and internationally. WNS reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The firm earned $236.20 million during the quarter, compared to analyst estimates of $229.29 million.

Looking ahead, next week will be a relatively quiet one in terms of economic data, though the National Association of Home Builders' (NAHB) index is due out. Investors will also have another round of jobs and house sales data to digest as the month of July progresses. Earnings season is starting to pick up steam, too, with several big names scheduled to release their quarterly reports, including American Express (AXP), Biogen (BIIB), Chipotle Mexican Grill (CMG), Coca-Cola (KO), Intel (INTC), Johnson & Johnson (JNJ), Netflix  (NFLX), Travelers (TRV), United Airlines (UAL), and Verizon (VZ). 

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

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