Big Week For Financial Sector Earnings Reports: A Quick Preview – Investing.com

Big Week For Financial Sector Earnings Reports: A Quick Preview – Investing.com

S&P 500 Earnings Report Week Of 04-12-2021

Courtesy of Bespoke, here is a complete list of companies scheduled to report this week. I counted 17 financial sector companies reporting but Bespoke says it is 16 of 23 companies that are from the Financial sector that are releasing Q1 '21 earnings results this week.

Clients remained overweight the Financial sector for the last few years (between a 12%–20% total weight), acting as a “value” or non-momentum offset to clients overweight Technology. That bet paid off in late 2020 as the sector moved sharply higher over the last 5 months, most of the move coming from November '20 to February '21.

Here are some brief thoughts and numbers on some of the Financials reporting this week: (Naturally I'm partial to what's owned for clients, but some other companies will be looked at as well.)JP MorganJPMorgan Chase (NYSE:) reports Tuesday morning, April 14th before the opening bell. Street consensus currently expects $3.07 in EPS on $30.5 billon in revenue for expected y/y growth of 294% and 8% respectively. In Q1 '20 JPM $0.78 in EPS on $28.25 bl in revenue or a 3% y/y rev decline, so with the capital markets working well, the