Week ahead: big banks open earnings season as September CPI lands
JPMorgan, Goldman Sachs, Citigroup and Wells Fargo report Tuesday, the first inflation reading since the Fed's September rate hike comes Wednesday, and TSMC reports Thursday, in a week that starts with the bond market closed for Columbus Day.
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What happened
What happened last week: The S&P 500 rose 1.2% for the week, the Nasdaq 0.9% and the Dow 0.6%, with the S&P and Nasdaq ending Friday near records set Tuesday, Investopedia reported. Midweek, the 10-year Treasury yield climbed to its highest level since 2002.
The calendar (times PT): Monday: bond market closed for Columbus Day; stocks open. Tuesday: JPMorgan Chase (4 a.m. results), plus Goldman Sachs, Citigroup and Wells Fargo; UnitedHealth, Albertsons and Domino's also report. Wednesday: September Consumer Price Index (5:30 a.m.), Bank of America, Morgan Stanley, and the Fed's Beige Book (11 a.m.). Thursday: September retail sales (5:30 a.m.), producer prices, and TSMC (call at 11 a.m.); J.B. Hunt after the close.
Why banks matter this time: Higher rates tend to widen net interest income, the gap between what banks earn on loans and pay on deposits, but can also slow borrowing. The S&P 500 financial sector has fallen about 4% over the past month, more than any other sector, Investopedia said. Investors will be listening to executives like Jamie Dimon and David Solomon on whether consumers and companies are still "resilient," as bank leaders described them this summer.
More context
Why CPI matters: Consumer prices rose 3.4% year over year in both July and August. September's report is the first to start capturing price trends after the Fed's mid-September rate hike, which makes it a key input for whether the central bank moves again.
What would change the outlook: A hotter-than-August CPI print would strengthen the case for another hike; weak bank guidance on loan demand or credit quality would suggest higher rates are biting. J.B. Hunt has already warned that elevated fuel costs could cut its earnings by 5% to 10%, a sign of how the oil shock is reaching corporate profits.
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Editorial sourcing notes
Schedule and prior figures from Investopedia (via AOL), Oct. 11, 2026, cross-checked against TipRanks' earnings calendar. Times are ET as published; we added PT. No forecasts are given for CPI because we could not confirm a consensus figure.
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