Bank of America, Schwab, Morgan Stanley: What To Expect From Tuesday's Earnings
Portfolio Pulse from Michael Juliano
Bank of America, Charles Schwab, and Morgan Stanley are set to report their Q2 earnings on Tuesday. Analysts expect mixed results compared to last year. Goldman Sachs reported better-than-expected Q2 revenue, while JPMorgan, Citigroup, and Wells Fargo also posted strong results. Financial sector ETFs showed gains.
July 15, 2024 | 7:42 pm
News sentiment analysis
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NEGATIVE IMPACT
Bank of America is expected to report lower EPS and revenue compared to last year.
Analysts expect BAC to post lower EPS and revenue compared to last year, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Charles Schwab is expected to report slightly lower EPS but higher revenue compared to last year.
SCHW is expected to report slightly lower EPS but higher revenue, which may have a neutral impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Citigroup reported better-than-expected Q2 EPS and revenue.
C reported better-than-expected Q2 EPS and revenue, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs reported better-than-expected Q2 revenue, driven by higher net revenues in Global Banking and Markets and Asset and Wealth Management.
GS reported better-than-expected Q2 revenue, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan reported better-than-expected Q2 EPS and revenue.
JPM reported better-than-expected Q2 EPS and revenue, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Invesco KBW Bank ETF jumped 2.06% by mid-afternoon.
KBWB jumped 2.06% by mid-afternoon, reflecting positive sentiment in the banking sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Morgan Stanley is expected to report higher EPS and revenue compared to last year.
MS is expected to report higher EPS and revenue, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wells Fargo reported better-than-expected Q2 EPS and revenue.
WFC reported better-than-expected Q2 EPS and revenue, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Financial Select Sector SPDR Fund gained 1.43% by mid-afternoon.
XLF gained 1.43% by mid-afternoon, reflecting positive sentiment in the financial sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60