The Week Ahead (Earnings)
Big US banks launched Q1 2023 Wall Street earnings season last week. First reports from major banks turned out to be mostly better-than-expected but accompanying commentary warned that the economy could struggle going forward. Earnings stream gets more diverse this week and traders will be offered first reports from some big-name US tech companies.
A total of 6 Dow Jones members will report earnings this week – Goldman Sachs, Johnson & Johnson, IBM, Travelers, American Express and Procter & Gamble. Apart from that, Netflix is set to release its Q1 earnings report on Tuesday after market close while Tesla will release its financials on Wednesday, also after close of the market. Full calendar of top US earnings can be found in the table below.
Top US stock reports to watch this week. Source: Bloomberg, XTB