Previous close | 0.0500 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.0100 |
Strike | 70.00 |
Expiry date | 2024-10-11 |
Day's range | 0.0100 - 0.0200 |
Contract range | N/A |
Volume | |
Open interest | 610 |
As the day draws to a close, Julie Hyman and Josh Lipton break down the top events to watch for Friday, Oct. 11. Third-quarter earnings season kicks off with major banks reporting their quarterly results. JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BK) are among the financial institutions set to release. Additionally, asset management giant BlackRock (BLK) and insurance company Progressive (PGR) will also report. Investors will be tuning in to hear commentary from key Federal Reserve officials. Chicago Fed President Austan Goolsbee, Dallas Fed President Lorie Logan, and Fed Governor Michelle Bowman are all scheduled to speak. Markets will be watching closely for any insights into the Fed's potential outlook on the rate-cutting cycle. Economic data will also be in the spotlight with the Producer Price Index (PPI) to be released. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
Profits and net interest income, a key source of revenue, are expected to have dropped from a year ago. Like other lenders, Wells Fargo’s guidance around net interest income will draw significant attention from investors. Here’s what sell-side analysts are expecting from third-quarter results, according to FactSet, compared with Wells Fargo’s results for the third quarter of 2023.
JPMorgan Chase, Wells Fargo, Bank of New York Mellon, BlackRock lead bank, financial results Friday. Analysts expect earnings broadly slide.