The upcoming earnings season (KW29) brings significant quarterly figures from major U.S. companies that are highly relevant for investors and can massively influence market sentiment. Particular focus is on ASML, Netflix, and leading U.S. banks such as JP Morgan, Wells Fargo, and Citi Group.
U.S. Banks Kick Off the Earnings Season
Traditionally, the major banks start the U.S. earnings season on July 15 with their quarterly reports. Reporting companies include not only JP Morgan, Wells Fargo, and Citi but also asset managers like BlackRock and State Street, as well as some smaller banks. The financial sector has already recorded a growth of nearly 8 percent this year, indicating a robust economic situation.
Expectations from the Banks
Given the continually strong U.S. economy, high interest rates, and capital inflows into equity markets at record levels, experts expect earnings to exceed last year’s figures. Particularly at BlackRock, a significant profit rise from adjusted $10.36 to $10.81 per share is projected. Attention is focused on how Wells Fargo plans to expand again after lifting its growth moratorium.
ASML Half-Year Results
ASML will publish its half-year results on Monday of this week (July 14). These results are especially interesting to investors as the company plays a key role in the semiconductor industry.
Netflix Q2 Results
Netflix will also present its quarterly figures for the second quarter this week (on Monday evening). The results will provide insight into subscriber numbers and revenue trends in the streaming sector.
In total, these reports mark the beginning of an intensive phase of corporate figures (‘earnings madness’), whose analysis offers important insights into current economic trends.
Company | Date | Expectation / Focus |
---|---|---|
JP Morgan | July 15 | Strong earnings over last year |
Wells Fargo | July 15 | Growth strategy after moratorium |
Citi Group | July 15 | Solid results expected |
BlackRock | July 15 | Significant profit increase expected |
State Street | July 15 | Numbers from financial sector |
ASML | July 14 (Half-Year) | Semiconductor industry performance |
Netflix | Approx. July 14/15 Q2 | Streaming subscribers & revenue development |
These reports are crucial for investors to assess future market developments.