Big banks kick off Q2 earnings, June CPI offers inflation insights: What to watch this week
July 12, 2026 - 22:34
Investors are bracing for a busy week ahead, with the release of the June Consumer Price Index and the start of second-quarter earnings season from the nation's largest banks. The CPI report, scheduled for Thursday, will offer a crucial update on inflation trends and could influence the Federal Reserve's next move on interest rates.
On the earnings front, a parade of Wall Street heavy hitters is set to report. JPMorgan Chase, Wells Fargo, and Citigroup will kick things off on Friday, followed by Goldman Sachs and Bank of America early the following week. Morgan Stanley is also on the calendar. These results will provide a key test for the banking sector amid a shifting interest rate environment and lingering concerns about consumer health.
Beyond the financial giants, tech investors will watch for reports from Netflix and Taiwan Semiconductor Manufacturing Company. Netflix's subscriber growth and ad-tier performance will be under the microscope, while TSMC's outlook will offer a read on the global chip demand cycle. With inflation data and corporate profits colliding, this week is shaping up to be a pivotal moment for market direction.
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