The majority of American banks will report earnings the following week. The Q2 earnings will be reported starting on July 11. Many predict that Q2 2022 will be the most difficult quarter for earnings since Q2 2020. The S&P 500 has experienced its worst first-half performance since the 1970s, falling by nearly 20% this year. The Dow Jones Industrial Average has also dropped more than 14% this year, which is its worst start to a year since 2002. Let’s look at the 10 largest companies reporting earnings the following week against this background.
Ten largest companies will report earnings the following week
The market capitalization data (as of July 6, 2022) was used to rank the top 10 companies that will be reporting earnings the following week.
10. Cintas
This business, which was headquartered in 1968 and has its corporate offices in Cincinnati, Ohio, provides corporate identity uniforms through rental and purchase programs. Shares of Cintas Corporation (NASDAQ:CTAS) are down more than 14% year to date and almost 2% over the past 12 months. Cintas shares were trading at over $380 as of the time of writing, with a 52-week range of $343.86 to $461.44. On July 14, it is scheduled to report its Q2 earnings.
9. Group PNC Financial Services
It is a holding company that provides financial services; it was headquartered in 1983; and has its headquarters in Pittsburgh. Shares of PNC Financial Services Group Inc (NYSE:PNC) are down more than 20% year to date and almost 13% over the past 12 months. PNC Financial Services stock had a 52-week trading range of $149.51 to $228.14 as of the time of writing and was trading above $159 per share. On July 15, it is scheduled to report its Q2 earnings.
8. US Bank
It is a bank holding company with headquarters in Minneapolis that was headquartered in 1929 and provides lending and depository services, cash and investment management services, as well as foreign exchange and trust management services. Shares of US Bancorp (NYSE:USB) are down more than 17% year to date and more than 15% over the previous 12 months. U.S. Bancorp shares were trading above $47 at the time of writing, with a 52-week range of $44.79 to $63.57. On July 15, it is scheduled to report its Q2 earnings.
7. Citigroup
This business, which was headquartered in 1812 and has its headquarters in New York City, provides financial goods and services. Shares of Citigroup Inc. (NYSE:C) are down nearly 24% year to date and nearly 31% over the previous 12 months. Shares of Citigroup were trading above $46 as of this writing, with a 52-week range of $44.93 to $74.64. On July 15, it is scheduled to report its Q2 earnings.
6. BlackRock
This business, which was headquartered in 1988 and has its headquarters in New York City, provides advisory, risk, and investment management services. Shares of BlackRock Inc. (NYSE:BLK) are down nearly 33% year to date and nearly 30% over the previous 12 months. BlackRock shares were trading above $617 as of the time of writing, with a 52-week range of $575.60 to $973.16. On July 15, it is scheduled to report its Q2 earnings.
5. Stanley Morgan
This business, which was headquartered in 1924 and has its headquarters in New York City, provides investment banking goods and services. Shares of Morgan Stanley (NYSE:MS) are down more than 23% year to date and nearly 14% over the previous 12 months. Currently trading at over $76, Morgan Stanley shares have a 52-week range of $72.23 to $109.73. On July 14, it is scheduled to report its Q2 earnings.
4. Wells Fargo & Co.
It is a financial services firm with San Francisco headquarters that was headquartered in 1852 and provides banking, mortgage products and services, insurance, investments, and consumer and business financing. Shares of Wells Fargo & Co (NYSE:WFC) are down nearly 18 percent year to date and nearly 7 percent over the previous 12 months. Wells Fargo shares were trading above $39 as of the time of writing, with a 52-week range of $36.54 to $60.30. On July 15, it is scheduled to report its Q2 earnings.
3. PepsiCo
This company was headquartered in 1965 and has its corporate headquarters in Purchase, New York. Shares of PepsiCo, Inc. (NASDAQ:PEP) are down nearly 2% year to date but up nearly 14% over the previous 12 months. PepsiCo shares were trading above $170 as of the time of writing, with a 52-week range of $148.78 to $177.62. On July 12, it is scheduled to report its Q2 financial earnings.
2. Company: JPMorgan Chase
It is a financial holding company with its main office in New York City that was headquartered in 1968 and provides financial and investment banking services. Shares of JPMorgan Chase & Co. (NYSE:JPM) are down more than 29% year to date and nearly 26% over the previous 12 months. JPMorgan Chase shares were trading at over $112 as of the time of writing, with a 52-week range of $109.30 to $172.96. On July 14, it is scheduled to report its Q2 earnings.
1. Group UnitedHealth
This business, which was headquartered in 1977 and has its corporate office in Minnetonka, Minnesota, provides services for data consulting, software, and health insurance. Shares of UnitedHealth Group Inc. (NYSE:UNH) are up nearly 3% year to date and nearly 26% over the previous 12 months. UnitedHealth shares were trading above $516 as of the time of writing, with a 52-week range of $383.12 to $553.29. On July 15, it is scheduled to report its Q2 earnings.
