Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season hits its stride this week. US financials lead the charge, with several major banks reporting between Monday and Friday.
UNH and JNJ both report on Monday. Wells Fargo also releases Q3 results Monday morning. These three alone account for over $1 trillion in combined market cap.
Tuesday brings Bank of America and State Street. Fastenal reports the same day. The industrial distributor is a useful read-through for supply chain conditions.
Wednesday sees , , and all releasing results. The cluster of mid-week bank prints will sharpen the picture on net interest margins and credit quality.
Thursday adds J.B. Hunt Transport and Commercial Metals. Friday closes with Truist, Regions Financial and M&T Bank.
No major IPOs are scheduled in the next seven days. The calendar is dominated entirely by earnings.
On the index rebalance front, ACV Auctions faces a forecast Russell 3000 deletion. ORTEX's Index Rebalance Radar puts the probability at 65%, with a potential announcement as early as tomorrow and an effective date of 19 October.
European auto data adds macro colour. German battery-electric car registrations hit 88,335 in September, up 95% year on year, according to ORTEX Alt Data. Total German new car registrations reached 255,698, the largest September on record since 2021.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data and reviewed by the ORTEX team. Content is informational only and does not constitute investment advice.
