Business

Delta Air Lines and Major US Banks Set to Unveil Q1 Earnings Amid Tariff Impacts

First-Quarter Earnings Season Kicks Off with Key Players

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 are eagerly anticipated, offering the first glimpse into how recent tariff implementations by the Trump administration might be affecting 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 announce adjusted EPS of $0.41, a modest figure compared to last year, alongside a 1% revenue increase to $13.90 billion.

Financial Giants Take the Stage on Friday

The week concludes with a flurry of activity from the financial sector. BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley are all scheduled to release their first-quarter results before Friday's opening bell. Highlights include Morgan Stanley's projected 14.9% profit surge to $2.32 per share and Wells Fargo's anticipated earnings decline to $1.22 per share.