Weekly Earnings Calendar: Banks, Google (GOOG) Report

Last week was the unofficial start to second-quarter earnings season. But things really pick up this week, as a number of blue-chip companies are set to report.

The banks will be the headliners, as four of the six major U.S. financials will give a snapshot of how their April through June quarters went. Two of them – JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) – reported earnings last Friday, with mixed results.

Wells Fargo continued its promising run of solid earnings growth, reporting a record $4.6 billion in second-quarter profits – a 17% improvement from the same quarter in 2011.

JPMorgan Chase’s earnings weren’t so glossy, dragged down by more than $4 billion in trading losses thanks to the so-called “London Whale.” Still, the largest U.S. bank did manage to turn a modest profit of $1.20 per share – a number that exceeded the 70 cents per share most analysts were projecting.

Both big bank stocks popped as a result of their earnings beats. We’ll know by the end of this week whether that’s a sign of things to come for financials this earnings season.

Here is a full list of what other noteworthy companies are reporting earnings this week:

Monday

  • Gannett (NYSE: GCI)
  • Citigroup (NYSE: C)

Tuesday

  • Goldman Sachs (NYSE: GS)
  • Intel (Nasdaq: INTC)
  • Coca-Cola (NYSE: KO)
  • Yahoo (Nasdaq: YHOO)

Wednesday

  • Bank of America (NYSE: BAC)
  • eBay (Nasdaq: EBAY)
  • Qualcomm (Nasdaq: QCOM)
  • Yum! Brands (NYSE: YUM)

Thursday

  • Chipotle (NYSE: CMG)
  • Freeport-McMoran Copper & Gold (NYSE: FCX)
  • Google (Nasdaq: GOOG)
  • Microsoft (Nasdaq: MSFT)
  • Morgan Stanley (NYSE: MS)
  • Safeway (NYSE: SWY)
  • Southwest Airlines (NYSE: LUV)
  • Verizon Communications (NYSE: VZ)

Friday

  • General Electric (NYSE: GE)
  • Xerox (NYSE: XRX)
Published by Wyatt Investment Research at