Earnings this week : October 12 - 16, 20 (wk 42)

Big banks will lead off the Q3 earnings season this week. Of note, the 12 largest U.S. banks are all forecast to report a profit. Overall, Q3 profit for S&P 500 companies is forecast to be down 21% Y/Y to improve on the 31% drop recorded in Q2.

TUESDAY, OCT 13: 

• JPMorgan Chase & Co. (NYSE: JPM), Johnson & Johnson (NYSE: JNJ), Citigroup Inc (NYSE: C), Delta Air Lines, Inc. (NYSE: DAL).

WEDNESDAY, OCT 14: 

• Bank of America Corp (NYSE: BAC), Progressive Corp (NYSE: PGR), Wells Fargo & Co (NYSE: WFC), Goldman Sachs Group Inc (NYSE: GS), PNC Financial Services Group Inc (NYSE: PNC), U.S. Bancorp (NYSE: USB).

THURSDAY, OCT 15: 

• Aphria Inc (NASDAQ: APHA), Walgreens Boots Alliance Inc (NASDAQ: WBA), Morgan Stanley (NYSE: MS), Truist Financial Corp (NYSE: TFC), Charles Schwab Corporation (NYSE: SCHW).

FRIDAY, OCT. 16: 

• Ally Financial Inc (NYSE: ALLY), Schlumberger NV (NYSE: SLB), Bank of New York Mellon Corp (NYSE: BK), State Street Corp (NYSE: STT), Citizens Financial Group Inc (NYSE: CFG), J B Hunt Transport Services Inc (NASDAQ: JBHT).

 

Earnings spotlight: 

• BlackRock (NYSE:BLK), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Delta Air Lines (NYSE:DAL), Johnson & Johnson (NYSE:JNJ) on October 13; 
• Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), PNC (NYSE:PNC), Progressive (NYSE:PGR), U.S. Bancorp (NYSE:USB), UnitedHealth (NYSE:UNH), United Airlines (NASDAQ:UAL) and Wells Fargo (NYSE:WFC) on October 14; 
• Charles Schwab (NYSE:SCHW), Morgan Stanley (NYSE:MS), Truist (NYSE:TFC) and Walgreens Boots Alliance (NASDAQ:WBA) on October 15; 
• Ally Financial (NYSE:ALLY), Bank of New York Mellon (NYSE:BNY) and J.B Hunt Transport (JBH) on October 16.