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

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.