Goldman Sachs, PNC, And Truist Lead Another Group Of Financial Earnings Announcements

Goldman Sachs, PNC, And Truist Lead Another Group Of Financial Earnings Announcements

Stock futures were pointing to a higher open even before Goldman Sachs (GS) reported better than expected earnings. Goldman rose 2. 25% before the open helping to lead another group of financial stocks who have kicked off a strong earnings season. PNC Financial (PNC) and Truist Financial (TFC) were among the group of financial stocks that also beat on earnings and revenue estimates. Financials continue to benefit from the rise in yields, but supply chain and inflation problems are likely to be factors as other market sectors begin to report next week. The Real Estate Select Sector Index ($IXRE) has been able to keep up with the S&P 500 (SPX) despite rising interest rates. On Friday morning, Prologis (PLD) reported better-than-expected earnings and revenue leading to a premarket rally of 1. 86%. The company saw a record increase in rents and a rise in occupancy. Trucking company JB Hunt (JBHT) was 2. 8% higher in premarket trading after announcing that it beat estimates on earnings and revenue. The company has benefited from high demand as trucking is a central piece of the supply chain. JB Hunt reported growth in all business segments which helped to offset rising wages and the