By
Stocks and bonds slumped due to the combination of rising inflation and subdued bank earnings … [+] guidance.gettyThe earnings season began slowly last week, with only 10 S&P 500 companies reporting. Banks were a large contingent of the reporters, which boosted the sector’s earnings expectations for the quarter as all the banks reported better-than-expected earnings. The first-quarter earnings season gathers momentum this week, with 41 S&P 500 companies scheduled to report. A more detailed preview of the earnings season is available here.
Bank and financial earnings are again a heavy dose of the second week of the earnings season. Among the financial companies scheduled include Charles Schwab (SCHW), Goldman Sachs
GS
(GS), PNC Financial (PNC), Bank of America
BAC
(BAC), Discover Financial (DFS), and American Express
AXP
(AXP). Other notable companies releasing earnings include Johnson & Johnson
JNJ
(JNJ), Netflix
NFLX
(NFLX), and Procter & Gamble
PG
(PG).
S&P 500 Earnings SeasonGlenview Trust, FactSet
The S&P 500 slumped by 1.5% for the week. The 10-year Treasury yield rose from 4.4% to 4.5%, causing a 1% decline in the Bloomberg Aggregate …
See the entire article on inflation, or, read more Arizona real estate investing news. It’s your call!
