Earnings from more banks, Netflix, and retail sales: What to know this week
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This week, investors can expect earnings reports from Bank of America, Goldman Sachs, Morgan Stanley, United Airlines, and Netflix. Retail sales data for March will also be released. Fears of sticky inflation may prevent the Federal Reserve from cutting interest rates, leading economists to predict that the Fed will hold rates steady until at least the fall. The first set of earnings reports from JPMorgan Chase, Wells Fargo, and Citigroup showed declining net interest income. The market is looking for revenue growth and strong earnings to support the recent signs of an accelerating US economy. S&P 500 revenue for the first quarter is expected to grow 3.4%, below the 10-year average of 5.1%.
#Earnings #Banks #Netflix #RetailSales #FederalReserve #Inflation