Profits season kicks off with big banks



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Wall Street closed another volatile week on Friday, but the corporate earnings season kicks off next week and could provide some direction to the market.

“The week has recovered from an early sell-off and has proven to be strong enough to lead the earnings season with a good head of steam, so let’s go ahead and see what there is to see.” CNBC’s Jim Cramer said.

Here’s Cramer’s take on the big business news coming up next week. The revenue and earnings per share projections are estimates by Factset.

Monday: AMC in the spotlight

Tuesday: Fastenal Gains

Wednesday: results from JPMorgan, Blackrock and Delta

Thursday: More banking income, with Domino’s Pizza and Walgreens

Morgan stanley

  • Publication of third quarter 2021 results: before the opening bell; conference call: 8:30 a.m.
  • Projected EPS: $ 1.69
  • Forecast revenue: $ 13.9 billion

Wells fargo

  • Publication of third quarter 2021 results: before the opening bell; conference call: 11:30 a.m.
  • Projected EPS: $ 1.00
  • Expected revenue: $ 18.2 billion

“I bet Morgan Stanley’s will be amazing and Wells Fargo’s won’t be as bad as it used to be. It’s good news for both of you,” Cramer said.

Bank of America

  • Publication of third quarter 2021 results: before the opening bell; conference call: 9:00 a.m.
  • Projected EPS: 71 cents
  • Forecast revenue: $ 21.7 billion

Citigroup

  • Publication of third quarter 2021 results: before the opening bell; conference call: 8:00 a.m.
  • Projected EPS: $ 1.73
  • Expected revenue: $ 17.1 billion

“We also get reports from Bank of America and Citigroup. We know that Citi always stays cheap. I don’t see this ending anytime soon. Bank of America could have a real breakout in earnings because the rates of Long-term interest is increasing and that’s what they need to move that needle. “

Domino’s Pizza

  • Publication of third quarter 2021 results: before the opening bell; conference call: 10:00 a.m.
  • Projected EPS: $ 3.11
  • Forecast revenue: $ 1.03 billion

“I think this behemoth will beat the numbers again because the Delta variant made people curl up in their homes,” Cramer said.

Alliance of Walgreens boots

  • Publication of Q4 2021 results: before the opening bell; conference call: 8:30 a.m.
  • Projected EPS: $ 1.02
  • Forecast revenue: $ 33.03 billion

“The stock has been going down for so long that it sort of looks to me. Any positive news could send it up, although I can’t imagine what that news could be,” a- he declared.

Friday: Goldman and JB Hunt wins



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