Business

First-Quarter Financial Showdown: Delta and Big Banks Set to Reveal Earnings Amid Tariff Impacts

Earnings Season Kickoff with Levi Strauss and Delta Air Lines

This week marks the beginning of the first-quarter earnings season, with Levi Strauss & Co. and Delta Air Lines leading the charge. Investors and analysts are keenly awaiting these results to gauge the initial effects of the Trump administration's recent tariff implementations on corporate performance.

Levi Strauss and Delta Air Lines in the Spotlight

On Monday, Levi Strauss is set to unveil its quarterly achievements after the market closes. Anticipations are set for an earnings per share (EPS) of $0.28, showcasing a 7.7% increase from the previous year, despite a slight revenue decline to $1.54 billion. Delta Air Lines follows on Wednesday, with expected adjusted EPS of $0.41, slightly under last year's figures, alongside a 1% revenue increase to $13.90 billion.

Big Banks Take the Stage on Friday

The financial sector will dominate the end of the week, with BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley all disclosing their first-quarter results before Friday's market open. Morgan Stanley is projected to report a significant 14.9% yearly profit per share rise to $2.32, whereas Wells Fargo might see a dip to $1.22 EPS.