The Week Ahead: Wells Fargo, Bank of America, and BlackRock to Report Earnings
PepsiCo and Delta are also on our radar.
The finance giants are kicking off earnings this quarter. On Tuesday, we expect JPMorgan Chase (JPM) to report, along with PepsiCo (PEP). Reports from Wells Fargo (WFC), Bank of America (BAC), Schwab (SCHW), BlackRock (BLK), and Delta (DAL) are expected to follow on Wednesday, with a report from Morgan Stanley (MS) rounding out the week on Thursday.
All banks performed well, as our analysts expected, on the latest round of the U.S. Federal Reserve's stress tests. Wells Fargo stood out among the 23 banks that participated, carrying over 10% in excess capital. Following JPMorgan and Bank of America, Wells Fargo brings in the third most deposits in the United States.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.