Earnings playbook: Your guide to the first full week of the reporting season, including Netflix and Goldman

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S&P 500 Index News

Netflix Inc,United Airlines Holdings Inc,Bank Of America Corp

The earnings season kicks off in earnest this week, with some of the biggest U.S. banks slated to report.

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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