Earnings Season Begins with High Expectations

This week marks the beginning of the first-quarter earnings season, with Levi Strauss & Co., Delta Air Lines, and several major US banks set to unveil their financial results. These reports will provide valuable insights into the early effects of the Trump administration's tariff policies on corporate America.

Levi Strauss and Delta Air Lines Lead the Charge

Levi Strauss is scheduled to report its earnings after the market closes on Monday, with analysts predicting a 7.7% increase in earnings per share (EPS) to $0.28, despite a slight 1.3% dip in revenue to $1.54 billion. Delta Air Lines follows on Wednesday, expected to announce an adjusted EPS of $0.41, a slight decrease from last year, alongside a modest 1% revenue increase to $13.90 billion.

Financial Giants Take the Stage on Friday

The week concludes with a flurry of earnings reports from the financial sector, including BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley. Morgan Stanley is anticipated to report a significant 14.9% yearly rise in EPS to $2.32, whereas Wells Fargo's EPS is forecasted to decline to $1.22.