Earnings March Proudly Into Bastille Day, With Banks In Vanguard, Delta Winging Higher

Earnings March Proudly Into Bastille Day, With Banks In Vanguard, Delta Winging Higher

(Wednesday Market Open) When you think of Bastille Day, maybe parades and fireworks come to mind. On Wall Street today, we get a parade of fresh earnings reports, another look at inflation, and a few words from Fed Chairman Jerome Powell. Any fireworks? We'll see. After a strong start to earnings season Tuesday as big banks saw their investment banking businesses drive strength, the second day has a lot to live up to. So far, it's looking mostly good. The banks have more than held up their end of the bargain, if you will. Bank of America (BAC) shares kicked off Wednesday with a bit of a disappointment. Shares fell in pre-market trading after the company just missed analysts' average revenue estimate as net-interest income got clipped by weak rates. Citigroup (C) was a happier story with the company beating Wall Street's earnings and revenue estimates. Wells Fargo (WFC) had a nice revenue beat, which was a bit surprising and seemed to give shares an early boost. And Blackrock (BLK) also looked strong, beating estimates and showing an impressive level of assets under management. It's nice to see how C worded it when it comes to trading volume coming down