Day Ahead: Top 3 Things to Watch for Jan. 14

Investing.com – Here are three things that could rock the markets tomorrow.

1. Banks Get Earnings Season Going

The banks kick off earnings season in earnest this week, with three big names reporting before the bell tomorrow.

Financials have had a strong run and valuation is in focus, so guidance will be especially important.

JPMorgan Chase (NYSE:) is expected to report a off $2.35 per share on revenue of $27.87 billion, according to analyst forecasts compiled by Investing.com.

Net interest income is forecast to come in between $58 billion and $60 billion, with net interest margin down to 2.37% from 2.41% in the previous quarter.

Citigroup (NYSE:) also weighs in ahead of trading. The bank is expected to post of $1.82 per share on revenue of $17.89 billion.

And Wells Fargo (NYSE:) rounds out the big financial reports.

Analysts predict that Wells Fargo (NYSE:) $1.12 per share with revenue of $20.11 billion.

Delta Air Lines (NYSE:) is also scheduled to report ahead of trading.

Analysts are looking for a of $1.40 per share with revenue of $11.34 billion.

2. Retail Inflation Arrives

Inflation highlights the economic calendar tomorrow.

The Labor Department will issue the December consumer price index (CPI) at 8:30 AM ET (13:30 GMT).

Economists expect the to have risen 0.3% last month, according to forecasts compiled by Investing.com.

The , which excludes volatile food and energy prices, is forecast show a 0.2% rise for the month.

Year on year, the is expected to be up 2.3%, the same as in November.

3. API Inventories on Tap Amid Oversupply Concerns

stumbled again today as traders worried about an oversupplied market.

They’ll get more information on that front after the bell tomorrow when the American Petroleum Institute releases its inventory numbers.

API’s snapshot of U.S. comes out at 4:30 PM ET (21:30 GMT). While not perfectly correlated the numbers do give a indication of where Wednesday’s official government data may be leaning.

Last week the API reported a drawdown of about 5.9 million barrels.

That was at odds with the Energy Information Administration, which reported an unexpected build in crude stockpiles, along with a bug jump in gasolines and distillates.

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