Earnings week has started, and JPMorgan Chase, Wells Fargo, and Citigroup will report quarterly earnings during a period when investors seek stability in major U.S. banks.
Analysts have raised earnings estimates for these banks. JPMorgan, which recently hit all-time highs, is expected to earn $4.13 per share on $41.9 billion in revenue. Wells Fargo's earnings are projected at $1.28 per share on $20.23 billion in revenue, while Citigroup is expected to earn $1.41 per share on $20.09 billion in revenue.
A beat in estimates could potentially lead to a stock rally, while reporting lower earnings than estimates could result in a decline in share price. Higher earnings could mean higher dividend payouts and increased share buyback spending. Additionally, it’s worth noting that Goldman Sachs, Bank of America, and Morgan Stanley will report next week.
Now, for this week, when it comes to companies with upcoming dividend payouts:
Importantly, past performance does not guarentee future performance.
There are a number of ETFs (exchange-traded funds) that have upcoming last dates to trade; this includes actively managed funds.
The Prescient Income Provider Feeder Actively Managed ETF aims to deliver consistent income by investing in a diversified mix of income-generating assets (like bonds and property shares). It is one of the actively managed funds that pay dividends monthly and is available in the tax-free savings account on EasyEquities.
South Africa
Safari Investments RSA Limited will be paying R0.31 per share.
African Media Entertainment Limited will be paying R3.50 per share.
Zeda Limited will be paying R0.50 per share.
Vunani Limited will be paying R0.09 per share.
PPC Limited will be paying R0.13 per share.
Australia
Westgold Resources Limited will be paying AU$0.01 per share.
American
Mastercard Inc will be paying $0.66 per share.
New York Times Co will be paying $0.13 per share.
Salesforce Inc will be paying $0.40 per share.
AT&T Inc will be paying $0.27 per share.
Intuit Inc will be paying $0.90 per share.
General Mills Inc will be paying $0.60 per share.
Verizon Communications Inc will be paying $0.66 per share.
Oracle Corp will be paying $0.40 per share.
Accenture Plc will be paying $1.29 per share.
GE Aerospace will be paying $0.28 per share.
CuriosityStream Inc will be paying $0.02 per share.
Marvell Technology Inc will be paying $0.06 per share.
AbbVie Inc will be paying $1.55 per share.
Abbott Laboratories will be paying $0.55 per share.
Freeport-McMoRan Inc will be paying $0.15 ($0.075 Base and $0.075 Variable) per share.
Zoetis Inc will be paying $0.43 per share.
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