Earnings live: Second quarter earnings season set to kick off with big banks leading the way
On Tuesday, major US banks including JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) will report their quarterly results to mark the unofficial start of the second quarter earnings season.
In the weeks ahead, investors will look for clues about the health of the US economy and any negative impacts from President Trump's tariff policies.
Data from FactSet published earlier this month showed analysts expect S&P 500 companies to report a 5% jump in earnings per share during the second quarter, which would mark the slowest pace of earnings growth since the fourth quarter of 2023.
Through Friday, with 4% of the index having reported results, second quarter earnings growth was tracking to 4.8%.
In addition to the big bank reports on Tuesday, notable companies set to release results this week include Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC), Johnson & Johnson (JNJ), United Airlines (UAL), and Netflix (NFLX).
Major US banks including JPMorgan (JPM), Citi (C), and Wells Fargo (WFC) are set to report earnings on Tuesday morning, and Yahoo Finance's David Hollerith notes this set of results will be all about showing the gloom that hit the sector in early April is firmly in the rearview.
Successful IPOs during the quarter, most notably from Circle (CRCL), should offer hope that the investment banking pipeline built momentum during the quarter, while the M&A market has shown some signs of life in recent months.
Still, as David notes, a few analysts on the Street have been cautious on the big banks ahead of these results, as shares of many financial names have run higher since President Trump's mid-April pivot.
Read more here.
Major US banks including JPMorgan (JPM), Citi (C), and Wells Fargo (WFC) are set to report earnings on Tuesday morning, and Yahoo Finance's David Hollerith notes this set of results will be all about showing the gloom that hit the sector in early April is firmly in the rearview.
Successful IPOs during the quarter, most notably from Circle (CRCL), should offer hope that the investment banking pipeline built momentum during the quarter, while the M&A market has shown some signs of life in recent months.
Still, as David notes, a few analysts on the Street have been cautious on the big banks ahead of these results, as shares of many financial names have run higher since President Trump's mid-April pivot.
Read more here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
21 minutes ago
- Bloomberg
President Trump Touts US, Indonesia Trade Deal
President Donald Trump says he reached a deal with Indonesia that will tariff its goods at 19%. Trump also says that Indonesia agreed to erase all duties on US imports and the Southeast Asian nation will buy more than $19 billion of American products. Bloomberg's Claire Jiao reports from Jakarta on the latest. (Source: Bloomberg)
Yahoo
28 minutes ago
- Yahoo
Cintas Earnings: What To Look For From CTAS
Uniform and facility services provider Cintas (NASDAQ:CTAS) will be announcing earnings results this Thursday before market hours. Here's what you need to know. Cintas met analysts' revenue expectations last quarter, reporting revenues of $2.61 billion, up 8.4% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and a narrow beat of analysts' full-year EPS guidance estimates. Is Cintas a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Cintas's revenue to grow 6.3% year on year to $2.63 billion, slowing from the 8.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.07 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cintas has missed Wall Street's revenue estimates twice over the last two years. Looking at Cintas's peers in the business services & supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. UniFirst delivered year-on-year revenue growth of 1.2%, missing analysts' expectations by 0.6%, and MillerKnoll reported revenues up 8.2%, topping estimates by 5.3%. UniFirst traded down 8.1% following the results while MillerKnoll was up 12.2%. Read our full analysis of UniFirst's results here and MillerKnoll's results here. There has been positive sentiment among investors in the business services & supplies segment, with share prices up 2.5% on average over the last month. Cintas is down 4.5% during the same time and is heading into earnings with an average analyst price target of $215.63 (compared to the current share price of $212.42). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28 minutes ago
- Yahoo
What To Expect From Insteel's (IIIN) Q2 Earnings
Steel wire manufacturer Insteel (NYSE:IIIN) will be reporting earnings this Thursday before market hours. Here's what to look for. Insteel beat analysts' revenue expectations by 7.2% last quarter, reporting revenues of $160.7 million, up 26.1% year on year. It was an incredible quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is Insteel a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Insteel's revenue to grow 20.8% year on year to $176 million, a reversal from the 12% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.69 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Insteel has missed Wall Street's revenue estimates six times over the last two years. Looking at Insteel's peers in the building products segment, only AZZ has reported results so far. It missed analysts' revenue estimates by 3.2%, delivering year-on-year sales growth of 2.1%. The stock traded up 5.2% on the results. Read our full analysis of AZZ's earnings results here. There has been positive sentiment among investors in the building products segment, with share prices up 4.9% on average over the last month. Insteel is up 11.2% during the same time and is heading into earnings with an average analyst price target of $39 (compared to the current share price of $38.59). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
