Big Bank earnings, inflation data, and corporate and economic reports highlight this week’s calendar.
Many top financial institutions are scheduled to kick off earnings season in the days ahead, including JPMorgan, Wells Fargo, Morgan Stanley and Goldman Sachs. Reports from Delta Air Lines and Taiwan Semiconductor will also be in the spotlight, showcasing the health of the consumer and the tech sector.
Investors will also be watching December inflation data, along with reports on retail sales, new and existing home sales, and the U.S. budget deficit.
Read to the bottom for our calendar of key events—and one more thing.
JP Morgan Leads Bank Earnings, TSMC Highlights AI Trade
Earnings season for the fourth quarter of 2025 effectively starts Tuesday with the year-end report from JP Morgan Chase, the U.S.’s largest bank, which said last week that it would become the next issuer of the Apple Card. Banks in the prior quarter reported solid results across the board, with analysts saying they were poised to see more improvement to close out the year.
Despite the positive results last quarter, JP Morgan CEO Jamie Dimon warned that the U.S. economy was facing continued uncertainty. Wells Fargo, which said that it could see slower growth in its net interest income for the year, reports Wednesday. The nation’s oldest bank, BNY Mellon, and investment banking giant Goldman Sachs are also reporting.
Taiwan Semiconductor earnings will show whether chipmakers can continue to drive strong revenue growth amid surging demand for artificial intelligence chips. Delta Air Lines earnings will shine a light on travel after airlines experienced disruptions during the government shutdown last year, potentially slowing the recovery after a slow spring.
Inflation Data Comes Amid Interest-Rate Uncertainty
Inflation data is due Tuesday with the release of December’s Consumer Price Index, which showed price pressures slowing to 2.7% in its prior report. A delayed report from October and November on wholesale inflation could further show how pricing changes are impacting the economy.
The data will be eyed by Federal Reserve officials, who are divided over whether to cut interest rates at the central bank’s next meeting in late January. Several Fed officials are scheduled to speak this week, potentially providing signals regarding the Fed’s direction.
Retail sales data for November will provide insight into the 2025 holiday shopping season, as consumer activity continues to help power the U.S. economy. Delayed new home sales reports for September and October are among the housing-data reports expected as home sales have stalled amid persistent affordability challenges. The budget deficit report will provide an update on tariff collection levels.
