![]() ![]() Last quarter: TSLA net income dropped more than 20% year over year. Tesla is set to report earnings after the close, with a call slated for 5:30 p.m. However, the company's bottom line has missed estimates six of the last 12 earnings days, according to FactSet. United will also give an update on outstanding labor contracts, including recent progress for a potential deal with pilots." What history shows: United earnings beat expectations 69% of the time, Bespoke Investment Group data shows. Still, travel demand has remained strong, and international trips, one of United's strengths, have been particularly robust. Executives will detail the financial impact and expand on CEO Scott Kirby's recent announcements that the company will have to trim its schedule at the congested Newark airport. What CNBC airlines reporter Leslie Josephs is watching: "Despite strong demand and lower fuel prices, United had a rough end to the second quarter and start to the third after the Northeast was slammed day after day by thunderstorms, forcing hundreds of cancellations and thousands of delays with the airline's Newark hub particularly hard-hit. This quarter: Analysts polled by Refinitiv expect the airline's earnings to more than double. Last quarter: UAL posted a net loss but guided for a profit in the second quarter. United Airlines is set to report earnings after the bell, with a conference call slated for the following day. Over the last two earnings days, the stock has fallen more than 1%. However, the stock struggles on earnings day, losing an average of 0.1%. What history shows: Goldman beats earnings estimates a whopping 86% of the time, according to Bespoke. What CNBC is watching: Like rival Morgan Stanley, Goldman could be plagued by weakness in investment banking and soft trading revenue. This quarter: Analysts expect a sharp year-over-year drop in Goldman earnings, according to Refinitiv. Last quarter: GS revenue came up short of estimates after the bank took a $470 million hit on Marcus loans. Wednesday Goldman Sachs is set to report earnings before the market opens, followed by a call at 9:30 a.m. Morgan Stanley shares rose in the last two earnings days. BofA's Ebrahim Poonawala also noted that Morgan Stanley's "ROTCE resiliency to be tested in face of revenue headwinds, regulatory changes." What history shows: The company's earnings per share beat estimates 77% of the time, per Bespoke, and the stock averages a 0.9% gain on earnings day. What CNBC is watching: Morgan Stanley's results could be downbeat as the bank deals with weakness in investment banking, muted trading revenue and cost cuts. This quarter: Analysts expect profits fell more than 15% year over year, per Refinitiv. Last quarter: MS topped analyst expectations on strong bond revenue. Morgan Stanley is set to report earnings in the premarket, with a conference call slated for 9:30 a.m. However, the stock averages a 0.8% decline on earnings days. In fact, the bank's earnings have come in below estimates just twice since the second half of 2015. What history shows: Bank of America beats earnings expectations 78% of the time, according to Bespoke. Citi analyst Keith Horowitz noted that the company has one of the best core deposit franchises in the business, "but there is less flexibility on the asset side due to large HTM portfolio, so we believe NII trends will lag larger peers (JPM and WFC)." The analyst has a neutral rating on Bank of America shares. What CNBC is watching: Bank of America earlier this month raised its dividend by 2 cents to 24 cents per share. This quarter: Analysts polled by Refinitiv expect the banking giant's profit rose double digits in the second quarter. Last quarter: BAC posted better-than-expected results thanks to higher rates. Tuesday Bank of America is set to report earnings before the bell, followed by a call at 8:30 a.m. Take a look at some of the key companies scheduled to post their latest numbers, and what to expect from them. Roughly 30 S & P 500 names have reported thus far, with 80% of them exceeding analyst expectations, according to FactSet. ![]() JPMorgan rose on the back of its results, but Wells and Citigroup ended Friday's session lower. Big banks JPMorgan Chase, Wells Fargo and Citigroup got the ball rolling last week, posting better-than-expected earnings. American and United Airlines are also on deck. ![]() Fifty-four S & P 500 companies are slated to report, including Tesla and Netflix. The earnings season kicks into high gear this week as investors seek more clues on how well corporate America is doing. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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