US earnings season gets underway Wednesday April 13th with JPMorgan Chase & Co (JPM), the first of the big banks to report. So what to expect from this quarter?
Amid increased geopolitical uncertainty and rising inflation pressures, this season’s reporting may reflect a lot more pessimism than was evident three months ago. Moreover, whilst markets entered Q1 pricing in at most 3 rate hikes in 2022, fed funds futures signal the market expects 8 hikes of 25bps this year. Among the most obvious changes over the quarter was the Russian invasion of Ukraine, which has upended assumptions about the future path of global growth, whilst heaping more inflation fuel on the fire.
Earnings calendar
PMO = Pre-market open
AMC = After market close
E = Estimated
