Here’s what to watch on Friday January 12
Several of the big banks will report their quarterly results, including JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C) reporting before the bell.
Delta Air Lines (DAL) will also report its earnings Friday morning. Investors will be looking for more insight into how the company views consumer spending on travel.
The latest Producer Price Index will be reported, with core PPI expected to rise 2%, compared to a year ago.
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Editor’s note: This article was written by Eyek Ntekim
Video Transcript
JOSH LIPTON: All right, let’s get to what to watch on Friday. Earnings season kicking off with some of America’s biggest banks reporting tomorrow ahead of the open, as JP Morgan, Wells Fargo, Bank of America, and Citi will all be reporting before the bell. Investors will look for updates on consumer spending, as well as how financials are holding up amid this higher rate environment.
JULIE HYMAN: Delta Airlines is also reporting in the morning, giving us some insight into how strong the holiday travel season was, which was a record-breaker. On its last earnings call, Delta said demand for travel remains strong. And we’ll see if that trend continues, as the current quarter tends to be weaker.
JOSH LIPTON: And finally, we’ll receive the latest producer price index data tomorrow that measures wholesale inflation. Economists forecasting that headline PPI will rise 1.3% compared to the same time a year ago, while core PPI is expected to rise 2% from a year ago, but it comes after the December reading and consumer prices came in hotter than expected. Another factor that could drive inflation higher going forward, the rising tensions, of course, in the Red Sea.