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 are highly 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 projecting a 7.7% increase in earnings per share to $0.28, despite a slight revenue decline to $1.54 billion. Delta Air Lines follows on Wednesday, expected to post a modest revenue increase to $13.90 billion, though earnings may slightly dip from last year's figures.

Banking Giants Round Out the Week

Friday will see a flurry of activity from the financial sector, with BlackRock, JPMorgan, Wells Fargo, and Morgan Stanley all disclosing their quarterly results before the market opens. Morgan Stanley is forecasted to shine with a 14.9% profit surge, while Wells Fargo might face a setback with expected lower earnings.