At a glance: No S&P 500 names report today — the calendar stays empty until bank earnings season opens tomorrow. Delta closed out last week’s card on Friday; JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, Johnson & Johnson and UnitedHealth headline a heavy Tuesday, with Bank of America and Morgan Stanley following Wednesday.
Scorecard — reported since we last wrote
Delta missed on both lines: EPS of $1.72 against a $1.76 consensus is a 2.3% shortfall, and revenue of $17.59B came in 7.1% light of the $18.92B estimate — a clean double miss, not a rounding error. The tape didn’t punish it, though; the stock closed essentially flat on the session (+0.0%), suggesting the miss was already discounted into the print. On a year-ago basis the number still held up — EPS was roughly in line with the same quarter last year (up 0.6% YoY) — so the shortfall is a story about consensus running ahead of the business this quarter, not about the business shrinking. No income-statement detail is out yet, so margins aren’t part of this one.
| Company | Time | EPS actual | EPS surprise | EPS YoY | Rev. actual | Rev. surprise | GM / NM | Reaction |
|---|---|---|---|---|---|---|---|---|
Delta Air Lines DAL | Pre-open | $1.72 | -2.3% | +0.6% | $17.59B | -7.1% | — | +0.0% |
Rest of the week
The week front-loads into Tuesday, when four of the six largest banks plus Johnson & Johnson and UnitedHealth all report before the open. Every money-center bank in the lineup carries consensus growing versus the year-ago quarter — JPMorgan’s $5.94 implies EPS up 17% on that basis, Citigroup’s $2.63 up 16%, Wells Fargo’s $1.85 up 11% — while Johnson & Johnson’s $2.51 consensus implies a 10% YoY decline. Bank of America and Morgan Stanley follow Wednesday alongside BlackRock, and both carry implied moves above 4%. Thursday brings Schwab, Prologis and a run of regional and trust banks, and Friday closes the week with Travelers — whose $7.33 consensus implies EPS down 10% year on year — plus Truist and the smaller regionals.
| Day | Company | Time | Cons. EPS | Yr-ago EPS | Implied move |
|---|---|---|---|---|---|
| Tuesday Oct 13 | JPMorgan Chase JPM | Pre-open | $5.94 | $5.07 | 3.6% |
Johnson & Johnson JNJ | Pre-open | $2.51 | $2.80 | 3.6% | |
UnitedHealth Group UNH | Pre-open | $4.15 | $2.92 | — | |
Goldman Sachs GS | Pre-open | $13.65 | $12.25 | — | |
Wells Fargo WFC | Pre-open | $1.85 | $1.66 | — | |
Citigroup C | Pre-open | $2.63 | $2.26 | — | |
Domino's DPZ | Pre-open | $4.39 | $4.08 | — | |
| Wednesday Oct 14 | Bank of America BAC | Pre-open | $1.11 | $1.06 | 4.0% |
Morgan Stanley MS | Pre-open | $2.94 | $2.80 | 4.4% | |
BlackRock BLK | Pre-open | $14.32 | $11.55 | — | |
Fastenal FAST | Pre-open | $0.34 | $0.29 | — | |
State Street Corporation STT | Pre-open | $3.68 | $2.78 | — | |
| Thursday Oct 15 | Charles Schwab Corporation SCHW | Pre-open | $1.66 | $1.31 | 4.3% |
Prologis PLD | Pre-open | $0.78 | $0.80 | 3.8% | |
BNY Mellon BNY | Pre-open | $2.27 | $1.91 | — | |
U.S. Bancorp USB | Pre-open | $1.32 | $1.22 | — | |
PNC Financial Services PNC | Pre-open | $4.89 | $4.35 | — | |
Marsh McLennan MRSH | Pre-open | $1.97 | $1.85 | — | |
Interactive Brokers IBKR | After-close | $0.67 | $0.57 | — | |
J.B. Hunt JBHT | After-close | $1.81 | $1.76 | — | |
| Friday Oct 16 | Travelers Companies (The) TRV | Pre-open | $7.33 | $8.14 | 5.0% |
Truist Financial TFC | Pre-open | $1.03 | $1.04 | 4.6% | |
M&T Bank MTB | Pre-open | $4.92 | $4.82 | — | |
Citizens Financial Group CFG | Pre-open | $1.39 | $1.05 | — | |
Regions Financial Corporation RF | Pre-open | $0.66 | $0.63 | — |
Informational only — not investment advice. Figures are consensus/estimates and option-implied values from public sources and may be revised.