Free Trial

This Week: JPMorgan earns, retail sales, housing starts

A look at some of the key business events and economic indicators upcoming this week:

ANOTHER SOLID QUARTER?

Wall Street expects that JPMorgan Chase’s latest quarterly report card will show the bank is off to a strong start this year.

Analysts predict the company’s first-quarter earnings and revenue improved from a year earlier, when the pandemic walloped the economy and prompted big banks to set aside funds to cover potential loan losses. JPMorgan released some of those funds in the fourth quarter of 2020, which helped it post a record profit for the quarter. JPMorgan serves up its quarterly results Wednesday.

SIZING UP RETAIL SALES

The Commerce Department issues its March tally of U.S. retail sales Thursday.

Economists project retail spending jumped 5.4% last month after falling 3% in February, when bad weather kept some shoppers away from stores. The distribution of $1,400 direct payments to millions of Americans as part of the federal government’s $1.9 trillion COVID-19 relief package likely helped fuel a pickup in retail spending in March.

Retail sales, monthly percent change, seasonally adjusted:

Oct. -0.1

Nov. -1.3

Dec. -1.3

Jan. 7.6

Feb. -3.0

March (est.) 5.4

Source: FactSet

HOME CONSTRUCTION

New government data on residential construction should provide insight into the state of the new-home market.

The Commerce Department is expected to report Friday that builders broke ground on new apartments and single-family homes in March at a seasonally adjusted annual rate of about 1.63 million. That would be faster than the pace in February, when severe winter weather in much of the country pushed home construction down 10.3% to a rate of 1.42 million units.

Housing starts, monthly, seasonally adjusted annual rate:

Oct. 1,530,000

Nov. 1,553,000

Dec. 1,670,000

Jan. 1,584,000

Feb. 1,421,000

March (est.) 1,634,000

Source: FactSet

Should You Invest $1,000 in JPMorgan Chase & Co. Right Now?

Before you consider JPMorgan Chase & Co., you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JPMorgan Chase & Co. wasn't on the list.

While JPMorgan Chase & Co. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRankâ„¢Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
JPMorgan Chase & Co. (JPM)
4.7959 of 5 stars
$290.101.0%1.93%14.24Hold$273.15
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Recent Videos

3 Defense Stocks Under $10 With Massive Upside
NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
3 Rising Stocks You’ll Want on Your Watchlist

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines