The opening shot of the quarterly earnings season

Daniel Garin
Jul 12, 2016
1 min read

On Friday the Bureau of Labor Statistics has published the US employment report, which indicated the addition of 287K jobs in June.

Wall Street and global markets reacted positively to the job report - the Dow Jones jumped by 1.40%, the NASDAQ was up 1.64% and the S&P 500 climbed by 1.53%.

This week investors are expected to focus on revenue of major banks - JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC) as well as other financial companies such as BlackRock, Inc. (NYSE:BLK) and PNC Financial Services Group Inc (NYSE:PNC). According to forecasts, revenues are expected to fall by -5.4% in the Financials sector.

One of the factors that will determine how to continue is the Wall Street earnings season, which begins today. After the closing bell, Giant aluminium company Alcoa (AA) is expected to report its Q216 quarterly earnings of $0.09 per share. Let's have a look at what is going to happen on Wall Street this week.

Earnings Report to be released:

Monday, Monday, July 11, 2016

After Market Close:

Alcoa (AA) | Forecast: 0.09, 5.27B

Thursday, July 14, 2016

Before Market Open:

BlackRock (BLK) | Forecast: 4.8,2.82B

Delta Air Lines (DAL) | Forecast: 1.48,10.61B

JPMorgan (JPM) | Forecast: 1.44,23.94B

Friday, July 15, 2016

Before Market Open:

Citigroup (C) | Forecast: 1.12,18.07B