The third-quarter earnings season opens with the largest U.S. banks, making financial shares the clear stocks to watch in the next 24 hours and through the week.
JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo are scheduled to report on Tuesday, October 13, with Bank of America and Morgan Stanley following on Wednesday, October 14. Analysts expect bank earnings to rise from a year earlier on investment-banking and trading revenue, even as higher Treasury yields and questions about loan growth and consumer credit weigh on the sector; the KBW Bank Index has fallen from its August peak.
Ahead of the prints, Bank of America analysts highlighted buy-rated names including DraftKings, AstraZeneca, BWX Technologies, Grocery Outlet and Grab, citing catalysts ranging from prediction markets to a nuclear-energy pipeline, according to CNBC reporting summarized this weekend. Options markets, meanwhile, imply single-digit percentage moves for the big banks, with wider expected swings in some regional lenders and in Domino's Pizza, which also reports Tuesday.
On the insider side, screening coverage this month has noted insider purchases and high insider ownership in smaller financial names such as Five Star Bancorp and GBank Financial Holdings — disclosed activity that some investors track as a signal of management confidence. None of this is a recommendation: earnings weeks are volatile, and readers should treat analyst picks and insider screens as information, not as a tip to buy or sell.
