The US earnings calendar heats up next week with banks and airlines

Next week, earnings reports from major US banks and airlines are set to be released, providing critical insights into consumer credit conditions. Key reports from JPMorgan Chase, Wells Fargo, Citibank, and Bank of America will serve as a high-risk health check on the economy, particularly examining how consumers are responding to higher interest rates. Focus will be on credit card delinquencies, with JPM's consensus EPS expected around $5.01, with whispers suggesting a potentially higher figure. In the airline sector, Delta Airlines' earnings will be key, as travel serves as a strong indicator of economic confidence. High-income travelers are boosting demand, but the impact on lower-income consumers is also significant. Commentary on the state of business travel will be crucial. Lastly, TSMC's upcoming report will be closely watched within the semiconductor industry, especially regarding demand for High Performance Computing, which could affect the broader AI sector. Expectations and concerns are intertwined as the earnings season looms.