Companies Reporting Before The Bell
• MainStreet Bancshares (NASDAQ:MNSB) is projected to report quarterly earnings at $0.52 per share on revenue of $17.10 million.
Inflation unexpectedly surges, shattering hopes for Fed rate cuts & sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.
Commercial real estate industry is experiencing bad loans exceeding reserve losses for banks like JPM, BAC, WFC, C, GS, and MS, raising regulatory concerns.
Companies Reporting Before The Bell
• Koninklijke Philips (NYSE:PHG) is expected to report quarterly earnings at $0.63 per share on revenue of $5.79 billion.