Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
The third-quarter reporting season shifts into a higher gear this week. Financial giants dominate the calendar, with big-name healthcare and insurance names also due.
UnitedHealth Group kicks off today, Monday 13 October. The managed care leader holds its Q3 earnings call this morning. Johnson & Johnson also reports today, dropping its Q3 numbers before the US open. J&J carries a $630 billion market cap. These are the week's first two major prints.
Tuesday brings a double hit from the banking sector. Bank of America reports Q3 results at 6:45am ET. State Street follows at 7:30am on the same day.
Progressive releases its September monthly figures on Tuesday night. The insurer's $126 billion market cap makes it one of the week's bigger non-bank tests.
Wednesday sees Charles Schwab drop Q3 numbers. Thursday brings Truist Financial and Swedish digital broker Avanza Bank, whose nine-month results will show how retail trading appetite held up in Europe. Finnish new car registrations hit 6,913 in September, the largest September in two years according to ORTEX alt data, a read on consumer confidence in the region.
No IPOs are scheduled in the next seven days.
The MSCI November quarterly review has its ranking cut-off on 19 October. ORTEX Index Rebalance Radar puts Moderna at an 81% chance of MSCI World addition, with $3.3 billion of forced buying at stake. That flow equals just 0.8 days of normal volume, making the single-day impact severe if it lands.
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.
