Friday’s trading: 5 things to know


Here are the key events taking place on Friday that could impact trading.

The release of earnings from the big banks continues Friday morning.

CITIGROUP: is expected to report an increase in revenue, but a lower profit than a year ago. The Refinitiv estimate is for $1.68 per share, down from $2.63 a year ago. The revenue estimate is for $18.22 billion, a 4% boost from a year ago.

Citigroup logo

The logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange.  (AP Photo/Richard Drew, File / AP Newsroom)

WELLS FARGO: is expected to report lower profit and revenue than a year ago. The Refinitiv estimate is for $0.80 per share, down from $1.38 a year ago. The revenue estimate is for $17.53 billion, down 13% from a year ago.


Other companies scheduled to report are: US Bancorp, PNC Financial Services Group, BlackRock, Bank of New York Mellon, State Street Advisors and UnitedHealth Group. 

A woman checks out while shopping at Target

A cashier hands a customer back change after a transaction at a Target Corp. store in Colma, California. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

RETAIL SALES: The Commerce Department will have the numbers for June.  Economists surveyed by Refinitiv anticipate consumer spending to rise 0.8% month-over-month, rebounding from a surprise decline of 0.3% in May. Excluding the automotive component, spending is seen rising 0.6% in June, up from 0.5% the prior month. 


NEW YORK FED: The Empire State Manufacturing Survey is expected to slip to a reading of -2.0 in July from -1.2 the previous month, notching its third straight month in contraction territory. A number above zero means that more New York-area manufacturers say business conditions are improving rather than worsening.

shipping containers at port

Shipping containers are seen at the container terminal of the port of Oakland, California. (REUTERS/Carlos Barria / Reuters Photos)


INFLATION REPORT: Import and export prices for June will be released. Prices of imported goods likely rose 0.7% month-over-month, slightly above May’s 0.6% increase. Watch for export prices to rise by 1.2% in June, less than half of May’s 2.8% spike and down from a record 4.1% jump in March.

Read More

Affiliate disclosure: The links contained in this product review may result in a small commission if you opt to purchase the product recommended at no additional cost to you. This goes towards supporting our research and editorial team and please know we only recommend high quality products.

Disclaimer: Please understand that any advice or guidelines revealed here are not even remotely a substitute for sound medical advice from a licensed healthcare provider. Make sure to consult with a professional physician before making any purchasing decision if you use medications or have concerns following the review details shared above. Individual results may vary as the statements made regarding these products have not been evaluated by the Food and Drug Administration. The efficacy of these products has not been confirmed by FDA-approved research. These products are not intended to diagnose, treat, cure or prevent any disease.


Please enter your comment!
Please enter your name here