Video Reports

Embed this video

Copy Code

Link to this video

Get LinkEmbedLicenseRecommend (-)Print
Bookmark and Share

By Jeremy Glaser | 01-05-2017 11:00 AM

The Week Ahead: Bank Earnings and Retail Sales on Tap

What impact, if any, will Wells Fargo's scandal have on results? Plus, Chase, Bank of America, and retail sales.

Securities mentioned in this video
WFC Wells Fargo & Co

Jeremy Glaser: Welcome to The Week Ahead. Earning season kicks off with a trio of big banks--JPMorgan Chase, Bank of America, and Wells Fargo--all due to release earnings on Friday. Wells will be in the spotlight after its high-profile stumbles in 2016, including the account-opening scandal that led to the ouster of its CEO and the failure to get its living will approved by regulators. Investors will be watching for how these issues are impacting the firm's financial results. 

On the data side, retail sales will be eyed. The November data showed a slowdown from the previous two months. Morningstar's Bob Johnson points out that on a year-over-year-basis the data has been relatively stable but still off from recovery highs. We'll see if higher consumer sentiment readings translate into a strong month for sales. 

Stay tuned to Morningstar for our take on these stories.

{0}-{1} of {2} Comments
{0}-{1} of {2} Comment
  • This post has been reported.
  • Comment removed for violation of Terms of Use ({0})
    Please create a username to comment on this article