Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Q3 earnings season kicks into high gear this week. Today alone sees three major financial names report results.
Bank of America reports Q3 figures before the open today. State Street also drops numbers this morning. Both face scrutiny over net interest margin trends in a still-elevated rate environment.
Tomorrow brings The Charles Schwab Corporation and The Bank of New York Mellon. Thursday adds regional banks Truist Financial, Regions Financial and to the calendar.
The week closes with a heavy Monday build-up. General Electric, Halliburton, RTX Corporation and Northrop Grumman all hold earnings calls on Monday the 20th. Defence names will draw particular attention given ongoing government spending debates.
General Motors reports on 20 October. German car registration data tracked by ORTEX Alt Data leads GM revenue by 15 days and is running 133% above the same quarter last year, three months in a row. That points to strong top-line momentum heading into the print.
Tesla follows on 21 October. The same German registration dataset leads Tesla revenue by 43 days and is running 269% above year-ago levels, with all three months in the quarter pointing higher.
Progressive is the lone insurer reporting today, with a $128bn market cap making it the largest name out this morning outside the big banks.
No IPOs are scheduled in the window.
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.
