Bank earnings and June CPI report set to dominate Tuesday

MacroEarnings
โดย Yahoo Finance·Read original
Summary · why it matters

Investors will focus on Tuesday's release of the June Consumer Price Index and earnings reports from JPMorgan, Bank of America, and Goldman Sachs. Economists forecast headline CPI to fall into negative territory for the first time in two years, while core CPI holds steady on a month-over-month basis. For JPMorgan, analysts expect investment banking results to benefit from strength in equities and M&A activity, and the bank has reiterated its full-year net interest income outlook. Bank of America is anticipated to post another strong quarter with growth across major businesses, led by trading and investment banking. Goldman Sachs is expected to show strength in investment banking and wealth management, with equities trading as a standout and higher banking fees from stronger deal activity and a healthy M&A pipeline.

Impact on stocks 3

Financials · 2 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Expected strong quarter with growth across major businesses, led by trading and investment banking.

Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Expected strength in investment banking and wealth management, with equities trading as a standout and higher banking fees from stronger deal activity.

Digital Finance & Tokenization · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

Analysts expect investment banking results to benefit from strength in equities and M&A activity, and bank reiterated full-year net interest income outlook.