Day Ahead: Top 3 Things to Watch

Investing.com – Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Big Banks Roll out Earnings

Wall Street banks get the third-quarter earnings season underway in earnest on Tuesday, with JPMorgan (NYSE:), Goldman Sachs (NYSE:), Citigroup (NYSE:) and Wells Fargo (NYSE:) due to report.

The plethora of earnings come amid a challenging environment for banks, with their net interest margin – the difference between the rate they charge on loans and the rate at which they take in deposits – coming under pressure amid recent Fed rate cuts.

Declining rates, however, have led to an increase in mortgage applications, which will likely prove a boon the banks’ mortgage portfolio.

JPMorgan is expected to of $2.45 per share on revenue of $28.5 billion, Citi of $1.95 a share on revenue of $18.5 billion, Goldman Sachs of $4.86 per share on revenue of $8.3 billion and Wells Fargo of $1.22 a share on revenue of $21 billion.

2. Fed Speak on Watch

There’s little top-tier the data on the economic calendar on Tuesday, with Federal Reserve speakers on the agenda.

With the Federal Reserve’s monetary policy meeting just weeks away, speeches from Atalanta Fed President due at 9:00 AM ET (1300 GMT), Kansas City Fed President at 12:45 PM ET (16:45 GMT) and at 3:30 PM ET (19:30 GMT) will be parsed for clues on monetary policy.

The odds of an October rate cut stand at about 71%, according to Investing.com’s

3. United Airlines Flies in Q3 Report

United Airlines (NASDAQ:) is set to report its third-quarter earnings results on Tuesday after the market closes.

Ahead of the earnings print, the grounding of Boeing’s (NYSE:) 737 Max aircraft has proved bittersweet for carriers like United that fly the much-maligned jets, which were involved in two deadly crashes. Carriers have had to fork out millions of dollars to maintain grounded planes, but have also seen capacity fall sharply, with the percentage of seats filled on flights globally rising sharply.

United confirmed that the 737 Max would be removed from its schedule until Jan. 6.

United is expected to of $3.96 per share on revenue of $11.41 billion.

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