The Week Ahead: Wells Fargo, Bank of America, and BlackRock to Report Earnings

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.

Although our analysts have remained more on the conservative side when it comes to BlackRock's organic growth, the firm's fifth virtual investor day did have a few surprises. The expansion of BlackRock's alternatives business and growth in the Asia-Pacific region are two factors that could affect future reports and our forecast. In the meantime, we expect the wide-moat asset manager to continue exploring alternative products and environmental, social, and governance offerings.