Edited by Peter Hillerberg1 min readStories are generated from ORTEX data and reviewed by the ORTEX team. How we publish
Today, BAC (Bank of America) reports Q3 earnings. The $377 billion lender is one of the first major US banks to print this season. PGR (Progressive) also reports today.
Tomorrow, SCHW and BNY (BNY Mellon) deliver Q3 numbers. Schwab has faced pressure from shifting deposit trends. BNY Mellon is due before the New York open.
Thursday brings TFC (Truist Financial), reporting Q3 on October 16.
The week's biggest moments arrive Monday. NFLX drops Q3 results after the close on October 20. (Intuitive Surgical) also reports that day, alongside (Northrop Grumman).
Tuesday October 21 is the heaviest day. IBM, TXN (Texas Instruments), LRCX (Lam Research), GM and LUV (Southwest Airlines) all report. TSLA reports Q3 results on October 21 too. German car registration data, a dataset ORTEX Alt Data measures as leading Tesla revenue by 43 days, is running 269% above the same quarter last year. The same dataset leads GM revenue by 15 days and is running 133% higher year-on-year.
No IPOs are scheduled in the next seven days. The macro backdrop is live: US CPI-U hit 336.94 in September, a record September reading since 1997. Core CPI also set a record at 339.29. That number will sit over every bank earnings call this week.
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.
