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LivestreamMenuIt’s about that time. Nearly 28 S & P 500 companies are set to report earnings this week. Among them are big banks such as JPMorgan Chase and Goldman Sachs. Netflix and Johnson & Johnson are also on deck. The reports come at a critical time for investors. The stock market is close to record highs despite lingering tensions between Iran and the United States and the threat that the Fed’s next move might be to raise rates. Expectations for Q2 earnings are also elevated. FactSet data shows analysts estimate S & P 500 profits rose 23.3% year on year in the June quarter. If true, that will mark the second straight quarter of earings per share growth greater than 20%. All times ET. Tuesday Bank of America is set to report earnings before the bell. Management will then hold a conference call at 8:30 a.m. Last quarter: BAC earnings topped expectations thanks to strong revenue from equities trading. This quarter: The bank is expected to report year-over-year earnings growth of more than 25%, according to LSEG. What to watch: “We expect a positive 2Q with [net interest income] tracking toward the high end of management’s 6%-8% FY26 outlook, supported by fixed asset repricing, balance sheet growth and asset sensitivity,” wrote Jefferies analyst David Chiaverini. He has a buy rating on the stock. What history shows: Data from Bespoke Investment Group shows BofA tops earnings estimates 81% of the time. Shares rose after two of the last three earnings releases. JPMorgan Chase is set to report earnings premarket, followed by a conference call at 8:30 a.m. Last quarter: Strong trading revenue drove JPM to better-than-expected earnings and revenue. This quarter: The bank is forecast to post year-on-year revenue and earnings growth of about 10%, LSEG data shows. What to watch: “We see the stock as offering the most asymmetric risk/reward,” wrote BofA analyst Ebrahim Poonawala, who has a buy rating on the stock. While investors “worry about management’s cautious messaging on EPS growth … and vocal pushback to proposed changes to regulatory capital as clouding the strong underlying business momentum, [JPM offers] the potential for stronger growth and upside on operating leverage underpinned by the unmatched scale of franchise investments.” What history shows: JPMorgan Chase shares fell after the last four releases. Can the bank snap its earnings day losing streak? Goldman Sachs is set to report earnings before the open. Leadership will then hold a call with analysts at 9:30 a.m. Last quarter: GS posted an earnings beat as the equities trading division saw record revenue . This quarter: Goldman is expected to report year-over-year earnings growth of more than 30%, according to LSEG. What to watch: “We think both revenue strength and positive forward commentary can boost the stock at earnings as investors gain further confidence in a broadening out of capital markets activity” wrote Morgan Stanley analyst Manan Gosalia, who has an equal weight rating on Goldman. What history shows: Goldman earnings top analyst expectations 87% of the time, according to Bespoke. Wednesday Morgan Stanley is set to report earnings before the market opens, with a conference call slated for 8:30 a.m. Last quarter: MS earnings topped estimates as the bank’s trading operations generated nearly $1 billion more in revenue than anticipated . This quarter: The bank is expected to post a strong quarter, with earnings anticipated to have surged more than 35% year on year, according to LSEG. What to watch: Citigroup analyst Ben Gerlinger raised his estimates on Morgan Stanley head of the report, saying “favorable market performance helps fee-based growth in [Wealth Management] and [Institutional Securities Group] benefits from strong cap markets environment with added benefit of recent IPOs.” Gerlinger rates Morgan Stanley a neutral. What history shows: Morgan Stanley shares rose after seven of the company’s last eight releases. Johnson & Johnson is set to report earnings before the bell. A call with analysts and management is scheduled for 8:30 a.m. Last quarter: JNJ earnings beat expectations even as sales of Stelara, a drug used to treat conditions such as Crohn’s disease, plunged. This quarter: The drugmmaker’s earnings and revenue are expected to have expanded slightly year on year, LSEG data shows. What to watch: “Trends for key workhorse products remain strong (Tremfya, Darzalex), although we expect updates on newer product launches to increasingly drive the forward narrative (Icotyde, Imavvy, Inlexzo, Tecvayli, Talvey, Rybrevant, Caplyta),” wrote Goldman analyst Asad Haider, who has a buy rating on J & J. What history shows: Bespoke data shows J & J exceeded earnings estimates 95% of the time. The stock dropped following two of the last three quarterly releases. Thursday UnitedHealth is set to report earnings ahead of the open. Management will hold an analyst call at 8 a.m. Last quarter: UNH topped earnings expectations and hiked its profit outlook for 2026 . This quarter: Analysts polled by LSEG see the insurer’s bottom line growing by nearly 20%. What to watch: Morgan Stanley analyst Erin Wright sees UNH earnings topping Street expectations. “AI Remains an Underappreciated Earnings Lever: UNH is investing $1.5B in AI initiatives , aimed at delivering $1B of operating cost savings in 2026 through automation of customer service, claims, and administrative workflows. UNH is also ahead of the curve in its position as an ‘AI enabler,” She said. What history shows: UNH has recently been volatile on earnings days. It rose nearly 7% after the company’s Q1 results came out. But it plunged 20% following its Q4 2025 release. Netflix is set to report earnings after the market close, with a call scheduled for 4:45 p.m. Last quarter: NFLX reiterated financial guidance and said co-founder Reed Hastings would exit the board of directors. This quarter: Analysts expect earnings grew by about 10% year over year, per LSEG. What to watch: “Investor sentiment remains cautious heading into Netflix’s 2Q earnings … Primary concerns include engagement growth, subscriber trends following recent price increases, content quality & investment, & the potential for further pursuit of M & A,” wrote JPMorgan analyst Doug Anmuth. “However, we do not believe engagement metrics provide a complete view of business trends and member satisfaction as NFLX’s primary internal quality engagement metric hit an all-time high in 1Q, and we continue to view engagement growth as less correlated with revenue growth.” What history shows: Netflix shares fell after the last four earnings releases. The streaming giant has topped earnings expectations 81% of the time.Read More
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