Last week has seen a record-setting stock rally. This week market participants are focusing on deluging corporate earnings results and economic data.

The first quarter of the earnings season will begin with banks that have seen the biggest profits. The financial sector saw the second-largest increase in 11 sectors of the S&P 500. Financial sectors Earnings Per Share estimates went up by 13%. It is the second-largest quarterly increase since 2002.

This week banks like JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), and Morgan Stanley (MS) will present their quarterly earnings results. The trading activity is likely to give another boost to big banks’ earnings results. It will be another record-setting week and the volatility of the bond markets. The sharp higher move of the Treasury yields and positive economic growth expectations coincides with the bullish outlook of the bank earnings.

Following February’s drop of 3%, the retail sales report will be released on Thursday. According to economists’ expectations, the March retail sales report of the Commerce Department will show a monthly gain of 5.4%. Compared to the same month, February 2020, retail sales remained higher by 6.3%, where consumer spending in one of the economic areas bounced back the fastest to pre-pandemic levels.

Below you can view the earnings calendar of the week.

Monday: N/A
Tuesday: Fastenal Co (FAST) before market open
Wednesday: JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), Bed Bath & Beyond (BBBY) before market open
Thursday: Bank of America (BAC), Charles Schwab (SCHW), Trust Financial Corp (TFC), The Progressive Corp (PGR), US Bancorp (USB), UnitedHealth Group (UNH), PepsiCo (PEP), Delta Air Lines (DAL), BlackRock (BLK), Rite Aid (RAD), Citigroup (C) before market open; Alcoa (AA) after market close
Friday: Morgan Stanley (MS), Bank of New York Mellon (BK), PNC Financial Services Group (PNC), Kansas City Southern (KSU), Citizens Financial Group (CFG), State Street Corp (STT), Ally Financial (ALLY) before market open