Charles Schwab to report Q4 earnings on Jan. 17. Expected EPS: 64 cents and revenue: $4.48 billion. Focus on asset growth and banking segment challenges.
As of now, 6% of S&P 500 companies have reported earnings. According to FactSet's latest weekly Earnings Insight report, 76% of them reported positive earnings surprises.
Morgan Stanley (MS) would be reporting Q4 2023 earnings on Jan. 16 pre-market. Analysts appear bullish per price targets. Can MS's business diversification shield it from market challenges?
Bank of America Corp (NYSE: BAC) reported an adjusted net income of $5.9 billion for the fourth quarter of FY23, with an adjusted EPS of $0.70, surpassing the consensus estimate of $0.68. The bank's revenue, net of interest expense, showed a year-over-year decrease of 10% to $22.0 billion, while the adjusted revenue fell by 4% to $23.5 billion, slightly missing the consensus of $23.7 billion.
U.S. stocks are gearing up for a weaker open on Friday, following a resilient performance on Thursday despite a larger-than-expected increase in December consumer price inflation.
Thursday’s session is set to open on a positive note for U.S. stocks, with attention focused on forthcoming inflation data that could influence trading direction.