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Expected profits from Citi, Bank of America, BlackRock, Wells Fargo and Delta

The June Producer Price Index (PPI) and the latest Beige Book report are released today.

The following companies will release their quarterly results today, July 14th:

Bank of America Corp. (NYSE: BAC – $ 28.41) provides banking and financial products and services to retail customers, small and medium-sized businesses, institutional investors, large corporations and governments worldwide. Bank of America will release its second quarter 2021 results today before the bell.

BlackRock Inc. (NYSE: BLK – $ 908.07) is a public investment manager. BlackRock will announce its 2021 Q2 results before the bell today.

Citigroup Inc. (NYSE: C – $ 68.37) offers a variety of financial products and services to consumers, businesses, governments and institutions in North America, Latin America, Asia, Europe, the Middle East and Africa. Citigroup will announce its results for the second quarter of 2021 before the bell today.

Delta Air Lines Inc. (NYSE: DAL – $ 41.33) provides scheduled air travel for passengers and cargo in the United States and internationally. Delta Air Lines will announce its second quarter 2021 results before the bell today.

The PNC Financial Services Group Inc. (NYSE: PNC – $ 189.28) operates as a diversified financial services company in the United States. PNC will announce its results for the second quarter of 2021 before the bell today.

Wells Fargo & Co. (NYSE: WFC – $ 43.23) is a diversified, community-based financial services company. Wells Fargo will release its 2021 Q2 results before the bell today.

Here’s a quick look at how yesterday’s earnings reports compare to Wall Street expectations:

Conagra Brands Inc. (NYSE: CAG – $ 35.93) operates as a food company specializing in consumer products in North America. Conagra reported earnings of $ 0.54 per share for the quarter, beating the consensus estimate of $ 0.52 by $ 0.02. The company earned $ 2.74 billion in the quarter, compared to analyst estimates of $ 2.71 billion.

Fastenal Co. (NASDAQ: FAST – $ 54.02) operates wholesale industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. Fastenal reported earnings per share (EPS) for the quarter of $ 0.42, beating analysts’ consensus estimate of $ 0.41 by $ 0.01. The company had revenue of $ 1.51 billion for the quarter, compared to analyst estimates of $ 1.51 billion.

First Republic Bank (NYSE: FRC – $ 196.99) provides private banking, private business banking, and private wealth management services to customers in metropolitan areas in the United States. First Republic Bank reported earnings per share (EPS) for the quarter of $ 1.95, beating analysts’ consensus estimate of $ 1.73 by $ 0.22.

Goldman Sachs Group Inc. (NYSE: GS – $ 380.50) provides a range of financial services to corporations, financial institutions, governments, and individuals worldwide. Goldman Sachs reported earnings per share (EPS) for the quarter of $ 15.02, beating the consensus estimate of $ 9.20 by $ 5.82. The company had revenue of $ 15.39 billion for the quarter, compared to analyst expectations of $ 12.17 billion.

JPMorgan Chase & Co. (NYSE: JPM – $ 158.00) is a financial holding. It provides financial and investment banking services worldwide. JPMorgan Chase reported earnings per share for the quarter of $ 3.78, beating analysts’ consensus estimate of $ 3.09 by $ 0.69. The company had revenue of $ 30.50 billion for the quarter, compared to analyst expectations of $ 29.71 billion.

PepsiCo Inc. (NASDAQ: PEP – $ 149.51) operates worldwide as a food and beverage company. PepsiCo reported $ 1.72 EPS for the quarter, beating analysts’ consensus estimate of $ 1.53 by $ 0.19. The company had revenue of $ 19.22 billion for the quarter, compared to analyst expectations of $ 17.95 billion.

Washington Federal Inc. (NASDAQ: WAFD – $ 31.25) acts as the holding company of the Washington Federal Bank, National Association, providing credit, custody, insurance and other banking services in the United States. Washington Federal reported earnings per share of $ 0.61 for the quarter, beating the consensus estimate of $ 0.51 by $ 0.10. The company had revenue of $ 141.82 million for the quarter, compared to the consensus estimate of $ 136.97 million.

Looking ahead to tomorrow, Thursday will be full of activity including a monthly OPEC report, June import and export price data, the Empire State Manufacturing Index, the Philadelphia Fed Manufacturing Index, industrial production data and another round of weekly unemployed Expectations.

All economic data presented here are preliminary and subject to change.

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