More than 40 S & P 500 names are on deck to post second-quarter results, including Goldman Sachs, Morgan Stanley and Bank of America. Netflix will also release its latest figures. Expectations for this reporting period are high. FactSet data shows analysts expect S & P 500 earnings rose 8.8% in the second quarter from the year-earlier period. If that's the case, it would mark the strongest earnings growth going back to the first quarter of 2022 — when profits rose by 9.4%.
" What history shows: Bank of America averages a 0.8% decline on earnings days, according to Bespoke. That said, the company's profits exceed estimates 79% of the time. Wednesday United Airlines is set to report earnings after the closing bell. A call is expected the following day at 10:30 a.m. Last quarter: UAL surged on a strong earnings forecast and cut its 2024 fleet plan . This quarter: The airline's earnings are forecast to have fallen 20%, according to LSEG.
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