Your current location is:{Current column} >>Text
Netflix reports, Johnson & Johnson, bank earnings: 3 things to watch By
{Current column}89269People have watched
IntroductionBy Liz Moyer-- Stocks were rising heading into the close on Monday after a choppy day of trading as ...
By Liz Moyer
-- Stocks were rising heading into the close on Hengyin Futures Boyi app latest version official website downloadMonday after a choppy day of trading as investors scoured earnings reports from banks.
The financial sector has been under scrutiny since March's turmoil involving the collapse of two big U.S. banks and Credit Suisse's rescue by rival UBS (NYSE:). Concerns about the banking system encouraged some people to move their deposits to the largest banks or to find other places to put their deposits that pay higher yields. (NYSE:) beat earnings expectations on Monday but reported an 11% drop in deposits from the , underscoring this trend.
Analysts will be focusing on reports from regional banks such as Comerica (NYSE:) later this week for similar trends.
Investors will also be listening to what an array of Fed officials will be saying in speeches this week. The Fed is to raise rates another quarter of a percentage point when it meets in May, but the outlook is uncertain after that. If economic conditions soften further, the Fed could be nearing a pause in its rate hiking.
Here are three things that could affect markets tomorrow:
1. Netflix reports
Streaming giant Netflix Inc (NASDAQ:) is expected to report earnings per share of $2.86 on revenue of $8.17 billion, though analysts will be waiting for its update on content spending and on its efforts to crack down on password sharing. The focus will also be on subscriber numbers.
2. Johnson & Johnson
The pharma giant Johnson & Johnson (NYSE:) is expected to report earnings per share of $2.50 on revenue of $23.6B, and analysts will be listening for updates on its proposed settlement of talc-related litigation.
3. Bank earnings
Bank of America Corp (NYSE:) is expected to report earnings per share of 81 cents on revenue of $25.25B, and Inc (NYSE:) is expected to report earnings per share of $8.24 on revenue of $12.8B.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Top 5 things to watch in markets in the week ahead By
{Current column}By Noreen Burke-- The U.S. is to release what will be closely watched inflation numbers this week as ...
Read moreAsian Stocks Up Ahead of U.S. Inflation Data By
{Current column}© Reuters By Zhang Mengying– Asia Pacific stocks were up on Wednesday morning amid concerns abo ...
Read moreAsian Stocks Down as New COVID
{Current column}© Reuters By Zhang Mengying– Asia Pacific stocks were mostly down on Monday morning as a new wa ...
Read more
Popular Articles
- Number of bodies exhumed from suspected Kenyan cult graves jumps to 47 By Reuters
- JPMorgan profit falls 28%, Dimon cautious on global economy By Reuters
- Evacuation order extended after fire at Oklahoma gas plant By Reuters
- Zelenskiy sacks Ukraine's envoy to Germany, other ambassadors By Reuters
- Japan outshines Asian stocks on tech strength, Chinese markets lag By
- How a band of activists helped bring down Sri Lanka's government By Reuters
Latest articles
-
PacWest, Western Alliance shares slip as regional bank woes resume By
-
Danske cuts profit outlook due to challenging financial market conditions By Reuters
-
Abe killer wielded homemade gun, grudge over mother's bankruptcy, police say By Reuters
-
Bank of Canada Hikes Key Rate by Shock 100 Basis Points to 2.5% By
-
Police identify two among eight dead trying to enter U.S. from Canada By Reuters
-
Dow Futures Edge Lower After Positive Week By