Business

First Quarter Financial Showdown: Delta, Levi Strauss, and Banking Giants Unveil Earnings Amid Tariff Impacts

Levi Strauss & Co. Leads the Charge

Kicking off the first-quarter earnings season, Levi Strauss & Co. is set to reveal its financial performance after Monday's market close. Analysts are projecting a 7.7% annual increase in earnings per share (EPS) to $0.28, despite a slight 1.3% dip in revenue to $1.54 billion.

Delta Air Lines Midweek Update

Midweek, attention turns to Delta Air Lines, which is expected to report adjusted EPS of $0.41 on Wednesday, slightly down from last year, alongside a modest 1% revenue increase to $13.90 billion.

Banking Sector Takes Center Stage

The financial sector dominates Friday's announcements, with BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley all slated to release their first-quarter results before the market opens. Highlights include Morgan Stanley's anticipated 14.9% yearly profit per share jump to $2.32 and Wells Fargo's forecasted EPS decline to $1.22.

Insight into Tariff Impacts

This earnings season marks the first since the Trump administration's tariff implementation, offering valuable insights into how these policies are affecting corporate America.