Earnings Season Kicks Off with High Stakes

This week marks the beginning of the first-quarter earnings season, with Levi Strauss & Co., Delta Air Lines, and leading US banks stepping into the spotlight. Their financial disclosures come at a pivotal moment, following the Trump administration's recent tariff announcements, offering a first look at the potential impact on corporate America.

Levi Strauss and Delta Air Lines Lead the Charge

Levi Strauss is set to report after Monday's market close, with analysts forecasting a 7.7% annual rise in earnings to $0.28 per share, despite a slight revenue dip to $1.54 billion. Delta Air Lines follows on Wednesday, expected to post adjusted EPS of $0.41, a slight decrease from last year, alongside a 1% revenue increase to $13.90 billion.

Banking Giants Take Center Stage

Friday will see a flurry of activity from the financial sector, with BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley all releasing their first-quarter results before the market opens. Morgan Stanley is anticipated to report a significant 14.9% yearly profit increase to $2.32 per share, whereas Wells Fargo's earnings are projected to decline to $1.22 per share.