Business · CNBC Technology
Earnings playbook: JPMorgan Chase and Netflix kick off the reporting season
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The earnings season kicks into high gear this week, at a time when investors may be starving for corporate guidance.
Key facts
- Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m
- There are 27 S & P 500 companies set to report, including banking giant such as JPMorgan Chase and Goldman Sachs, as well as Netflix and Johnson & Johnson
- FactSet data shows S & P 500 first-quarter profits are expected to have grown 13% from the year-earlier period
- What history shows: Goldman Sachs' bottom line beats profit expectations 87% of the time, according to Bespoke Investment Group
Summary
There are 27 S & P 500 companies set to report, including banking giant such as JPMorgan Chase and Goldman Sachs, as well as Netflix and Johnson & Johnson. A conference call is also scheduled for 9:30 a.m. What history shows: Goldman Sachs' bottom line beats profit expectations 87% of the time, according to Bespoke Investment Group. Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Last quarter: JNJ earnings topped expectations along with the company's 2026 guidance. Year to date, shares are up 15 %, while the S & P 500 is about flat. To be sure, the stock averages a 0.3% advance on earnings days.
Last quarter: WFC reported mixed fourth-quarter results, sending shares down more than 4% on the day. This quarter: Wells Fargo is expected to post earnings growth of more than 10% from the year-earlier period, per LSEG. Bank of America analyst Ebrahim Poonawala thinks this report could give Wells Fargo a much-needed boost. This quarter: Citigroup's bottom line is forecast to have popped more than 30%, according to LSEG.