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Earnings Ahead: GS, BAC, MS Take Center Stage in Banking Sector; Will TSMC and Netflix Further Fuel Tech Mania?

AInvestMonday, Jul 15, 2024 5:47 am ET
1min read

JP Morgan, Citi, and Wells Fargo's better-than-expected earnings last Friday did not save their stocks. Both JPM and Citi saw shares decline by over 1% that trading day, while WFC tumbled more than 6%. Both JPM and WFC showed weaker signs of net interest income. Looking ahead to this week, Goldman Sachs, Bank of America, and Morgan Stanley will post their results on Monday and Tuesday. The question remains: will investment banking fees save GS and MS, or will we see another round of sell-offs?

Meanwhile, TSMC will post its results pre-market on Thursday. Can strong Q2 sales continue to fuel the momentum of the AI mania? Netflix will also be the first U.S. tech company to show results, all eyes on the Nasdaq are watching closely.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.