Corporate Earnings today (10/14) and earnings to watch on Monday 10/17

Earnings News Today

With the start of earning season, number of banks have published their earnings. Lets take a quick peek into the numbers !

 

SymbolCompanySizeSurprise FactorStock Reaction (%)
UNHUnitedHealth Group Inc477.0B6.43%0.6
JPMJPMorgan Chase & Co321.2B9.47%2
WFCWells Fargo & Co160.7B19.27%2.76
MSMorgan Stanley136.2B-2.65%-4.78
CCitigroup Inc83.2B3.45%0.275
PNCPNC Financial Services Group Inc62.7B2.44%-1.4
USBUS Bancorp61.5B0.00%3.47
FRCFirst Republic Bank24.6B1.38%-16

While Markets were expecting muted results, there was a still little hope that the results won’t be too aweful.  The investors reacted to the earnings summarized by sentiments below

 

DateAverage SurpriseAverage Stock ReactionAverage Index
10/24/224.97%-1.634375-1.84%

Overall, while the companies on an average reported better earnings, the reaction to it was more on the negative side owing to anxiety about the future.

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Stocks with earnings volatility in next session

 

SymbolCompanySizeGrowth Estimate
BACBank of America Corp254.6B-8.24%
SCHWCharles Schwab Corp140.5B25.00%
BKBank of New York Mellon Corp31.7B3.85%
ELSEquity LifeStyle Properties Inc11.5B6.15%
MRTNMarten Transport Ltd1.6B26.92%
JNJJohnson & Johnson434.2B-3.08%
LMTLockheed Martin Corp107.6B1.05%
GSGoldman Sachs Group Inc104.8B-49.70%
TFCTruist Financial Corp58.5B-14.08%
STTState Street Corp23.3B-9.18%
ACIAlbertsons Companies Inc15.2B0.00%
SBNYSignature Bank9.7B40.98%
HASHasbro Inc9.4B-13.78%
CBSHCommerce Bancshares Inc8.5B-1.90%
SISilvergate Capital Corp2.2B54.55%

 

Reference: Data obtained from Charles Schwab, Yahoo Finance and publicly available data sources.