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Additional bank earnings will highlight the earnings calendar later this week.An optimistic consensus is forming: Wall Street analysts estimate S&P 500 (^GSPC) companies will report an earnings per share growth rate of 8.3% for Q4, according to FactSet data. If that rate holds, it would represent the 10th consecutive quarter of annual earnings growth for the index.Heading into the reporting period, analysts have raised their earnings expectations, especially for tech companies, which have driven earnings growth in recent quarters. On Sept. 30, the consensus estimate for S&P 500 fourth quarter earnings growth stood at 7.2%.Although Big Tech continues to set the tone, this earnings season promises to test the improved stock market breadth that has emerged at the start of 2026. Plus, the themes that drove the markets in 2025 — artificial intelligence, the Trump administration's tariff and economic policies, and a K-shaped consumer economy — will continue to provide plenty for investors to parse.The major financial companies will round out the earnings docket this week. In addition to Delta and JPMorgan, investors will hear from Bank of New York Mellon (BK) on Tuesday; Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) on Wednesday; and BlackRock (BLK), Goldman Sachs (GS), and Morgan Stanley (MS) on Friday.LIVE 12 updates32 mins agoGrace O'DonnellCiti, BofA also push back on 10% credit card rate proposal in earnings callsEven more big bank CEOs pushed back against President Trump's proposal to cap credit card interest rates on Wednesday, echoing similar comments from JPMorgan CFO Jeremy Barnum on Tuesday.A chorus is beginning to form in the sector, with executives saying that while affordability is an issue, putting a 10% limit on credit card interest rates isn't the right approach to solve it. They say the proposal would hurt the US economy — and their profits.“An interest rate cap is not something that we would or could support, frankly,” Citigroup’s outgoing CFO Mark Mason said Wednesday, Yahoo Finance's David Hollerith reported.Such a move would “likely result in a significant slowdown in the economy,” Mason said, adding that “affordability is clearly an important issue and one that we look forward to collaborating with the administration on.”“We're all in for affordability,” Bank of America CEO Brian Moynihan told analysts on Wednesday while presenting the argument why limiting credit card interest rates would have adverse effects.Read more here.Today at 2:57 PM UTCGrace O'DonnellCiti stock falls after reporting a decline in profits but surge in M&A dealmakingCitigroup (C) stock initially climbed on Wednesday morning but then fell 2% after reporting its profits declined 13% year over year in the fourth quarter, as the third-largest US bank recorded a loss of $1.2 billion on the sale of its Russia unit.The major bank, which reported results after Wells Fargo (WFC) and Bank of America (BAC), posted net income of $2.5 billion and earnings per share of $1.19. Excluding the loss from the Russia-unit sale, Citi posted adjusted earnings per share of $1.86.Analysts were expecting Citi to report GAAP earnings per share of $1.34 and normalized earnings per share of $1.62, according to consensus estimates from S&P Global Market Intelligence.As Yahoo Finance's David Hollerith reported, investment banking revenue climbed 35% to $1.29 billion, driven by a surge in its M&A advisory business. Its markets division, which houses trading operations, reported a 1% drop in trading fees over the fourth quarter compared to the year-ago period.Citi's earnings call begins at 11 a.m. ET. Listen to the call live here.Today at 12:38 PM UTCGrace O'DonnellBank of America, Wells Fargo report profit surge as trading activity powers resultsBanking giants Bank of America (BAC) and Wells Fargo (WFC) reported fourth quarter earnings and rising annual profits on Wednesday morning. Bank of America stock rose about 1%, while Wells Fargo stock fell by the same amount.Yahoo Finance's David Hollerith reports:Read more here.Today at 11:18 AM UTCJenny McCallInfosys beats Q3 revenue view; ups annual forecast rangeReuters reports:Read more here. Tue, January 13, 2026 at 5:22 PM UTCGrace O'DonnellCredit card company execs warn consumers would lose access to credit if 10% APR cap is enactedDays after President Trump proposed capping credit card interest rates at 10%, corporate executives warned that the policy would have wide-ranging ramifications and possibly hurt consumers if enacted."If it happened the way it was described, it would be dramatic," JPMorgan Chase CEO Jamie Dimon said on the company's earnings call. JPMorgan is the nation's top credit card issuer, handling $1.34 billion in purchase volume.The company's CFO, Jeremy Barnum, added that consumers would likely face service changes as a result, particularly credit card users with subprime risk profiles, who may face more financial instability."People will lose access to credit, like on a very, very extensive and broad basis, especially the people who need it the most, ironically," Barnum said. "And so that's a pretty severely negative consequence for consumers and, frankly, probably also a negative consequence for the economy as a whole right now."It's unclear how Trump could implement a one-year credit card APR limit without legislation from Congress. To that end, on Tuesday, US ‌House Speaker ‌Mike Johnson took up the issue and said he would explore the president's idea.Johnson also acknowledged there could be "unintended consequences" of such a move — a sentiment echoed by Delta Air Lines CEO Ed Bastian in the company's earnings call on Tuesday.Delta offers a co-branded credit card with American Express (AXP) that contributes an estimated 13% of its annual revenue. The partnership continues to be a lucrative one for Delta: Delta's revenue from the card grew 11% year over year to $8.2 billion in 2025, the company reported Tuesday."I think one of the big issues and challenges with the potential order is the fact that it would actually restrict the lower-end consumer from having access to any credit, not just what the interest rate they're paying, which would upend the whole credit card industry," Bastian said. "So from our standpoint, we'll be working closely with American Express, but I don't see any way we could even begin to contemplate how that would be implemented."Tue, January 13, 2026 at 3:38 PM UTCGrace O'DonnellJPMorgan's Jamie Dimon backs Fed Chair Powell in earnings callYahoo Finance's David Hollerith reports:Read more here.Tue, January 13, 2026 at 1:06 PM UTCJenny McCallCardinal Health raises 2026 profit forecastCardinal Health (CAH) stock rose almost 4% before the bell on Tuesday after raising its 2026 profit forecast.MT Newswires reports:Read more here. Tue, January 13, 2026 at 12:42 PM UTCJenny McCallJPMorgan earnings miss as Dimon warns on risksUS investment bank JPMorgan (JPM) posted fourth quarter results on Tuesday that beat revenue estimates but missed earnings expectations, as net income was hit following its deal to take over the Apple Card (AAPL) from Goldman Sachs (GS).Yahoo Finance's senior reporter David Hollerith looks at the latest earnings release from JPM.Read more here. Tue, January 13, 2026 at 11:56 AM UTCJenny McCallDelta stock falls despite Q4 earnings beatDelta Airlines' (DAL) stock sank 5% before the bell on Tuesday despite posting upbeat Q4 results, as forecasts fell below estimates.The airline company said growth in the premium business and lack of certain headwinds would propel its business forward in 2026.Yahoo Finance's senior reporter Pras Subramanian delves into the latest results from Delta.Read more here. Tue, January 13, 2026 at 9:30 AM UTCGrace O'DonnellInvestors expect less earnings-day volatility, but can still seek opportunities: Goldman SachsInvestors are expecting a low-volatility earnings season, given softer option volumes over the past two weeks and balanced positioning, according to a Jan. 8 note on tactical earnings trades from the Goldman Sachs Investment Research team.The analysts estimated the average implied earnings day stock move — how much the market expects a stock to swing following corporate results, based on options data — is 4.5% in either direction, below the long-term average."With less fear priced in, it is more difficult to see relief rallies on earnings days," they wrote.Still, the Goldman Sachs team noted that having exposure to stocks through their earnings events remains important for fundamental investors. Just two quarters ago, the actual moves on earnings days for individual stocks were at their highest level since 2009.Where the team does expect more volatility is in utility, healthcare, materials, and industrial stocks, which "have been making the most unusually large moves on earnings-day in recent quarters."Tue, January 13, 2026 at 8:45 AM UTCGrace O'DonnellBank earnings to cap banner 2025, set the table for growth in 2026The major financial institutions are penciled in to report fourth quarter results this week, including the nation's largest bank, JPMorgan Chase (JPM), which is expected to reveal another year of record revenue and one of its best years in profits.Other major financial firms, including Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS), and Morgan Stanley (MS), are also expected to reveal just how good 2025 was for investment bankers.Yahoo Finance's David Hollerith previews what to expect:Read the full bank earnings preview here.Tue, January 13, 2026 at 8:00 AM UTCGrace O'DonnellEarnings to watch this weekA slate of earnings reports from the major financial institutions marks the unofficial start of earnings season. But investors will also get an early read of the airline industry, chipmakers, and logistics operators from other corporate earnings beginning to flow this week.Here's a look at the earnings calendar for the week of Jan. 12:Tuesday: JPMorgan Chase (JPM), BNY Mellon (BK), Delta Air Lines (DAL), Concentrix Corporation (CNXC), Phoenix Education Partners (PXED)Wednesday: Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), Infosys (INFY), Bitmine Immersion Technologies (BMNR), Home Bancshares (HOMB), Platinum Group Metals (PLG)Thursday: Taiwan Semiconductor Manufacturing Company (TSM), Goldman Sachs (GS), Morgan Stanley (MS), BlackRock (BLK), JB Hunt Transport Services (JBHT), First Horizon Corporation (FHN)Friday: PNC Financial (PNC), State Street (STT), M&T Bank (MTB), Wipro (WIT), Regions Financial (RF), BOK Financial (BOKF)For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click hereRead the latest financial and business news from Yahoo FinanceTerms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,888.16 -75.58 (-1.09%)Dow 3048,884.55 -307.44 (-0.62%)Nasdaq23,336.98 -372.89 (-1.57%)Russell 20002,636.59 +3.48 (+0.13%)VIX17.64 +1.66 (+10.39%)Gold4,616.80 +17.70 (+0.38%)Trending tickersBTC-USD Bitcoin USD 97,581.57 +4,211.33 (+4.51%)BAC Bank of America Corporation 51.82 -2.73 (-5.00%)ROLR High Roller Technologies, Inc. 21.58 +18.06 (+513.07%)RIVN Rivian Automotive, Inc. 17.11 -1.75 (-9.25%)APP AppLovin Corporation 601.55 -67.08 (-10.03%)PortfolioSign in to access your portfolioSign inTop gainersBTDR Bitdeer Technologies Group 14.22 +1.45 (+11.37%)TERN Terns Pharmaceuticals, Inc. 38.33 +3.88 (+11.25%)ALMS Alumis Inc. 24.43 +2.32 (+10.49%)EWTX Edgewise Therapeutics, Inc. 27.66 +2.71 (+10.87%)UEC Uranium Energy Corp. 17.04 +1.49 (+9.58%)Top losersTCOM Trip.com Group Limited 62.69 -12.99 (-17.17%)NAVN Navan, Inc. 15.54 -1.71 (-9.91%)U Unity Software Inc. 41.19 -4.48 (-9.81%)APP AppLovin Corporation 603.55 -65.08 (-9.73%)DAVE Dave Inc. 190.09 -21.63 (-10.22%)Most activeINTC Intel Corporation 47.78 +0.49 (+1.03%)NVDA NVIDIA Corporation 181.97 -3.84 (-2.07%)ONDS Ondas Holdings Inc. 13.09 -0.80 (-5.76%)PLUG Plug Power Inc. 2.3350 +0.0550 (+2.41%)BAC Bank of America Corporation 51.81 -2.73 (-5.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events