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Key Takeaways

• Big banks, including JPMorgan Chase, Wells Fargo, Goldman Sachs, and Morgan Stanley, will report fourth quarter earnings this week, starting on Tuesday
• December Consumer Price Index inflation data also releases on Tuesday, with retail sales data following on Wednesday
• Taiwan Semiconductor Manufacturing Company then reports earnings on Thursday, providing insight into AI chip demand and tech sector health
• Meanwhile, the US added only 584,000 jobs in 2025, the weakest year for job growth outside a recession since 2003
• Federal Reserve officials will speak throughout the week as traders expect 95% odds the Fed keeps rates unchanged at its January meeting

JPMorgan Chase will kick off earnings season on Tuesday with its fourth quarter report. The nation’s largest bank recently announced it would become the next issuer of the Apple Card.

#earnings for the week of January 12, 2026https://t.co/hLn2sKQhEY$TSM $JPM $DAL $WFC $MS $GS $C $BLK $BAC $JBHT $HOMB $RF $STT $PNC $SIFY $BK $BOKF $FHN $INFY $CNXC $FUL $MTB $WIT $BBCP $IIIN $CODI $RFIL $PXED $BSVN $UCB

Also, $RZLV will pre-announce results before the open… pic.twitter.com/0lJMCbfocK

— Earnings Whispers (@eWhispers) January 9, 2026

Wells Fargo will follow on Wednesday with its own earnings numbers. The bank previously indicated it could see slower growth in its net interest income for the year.

Major Financial Institutions Report Results

Goldman Sachs and Morgan Stanley will both report on Thursday. BNY Mellon, the nation’s oldest bank, will also release its quarterly results this week.

Bank of America and Citigroup will similarly join the reporting schedule on Wednesday. All major banks reported solid results in the prior quarter, with analysts expecting continued improvement.

JPMorgan CEO Jamie Dimon warned of continued economic uncertainty despite positive results. His post-earnings remarks will be closely watched by investors.

December Inflation Data To Be Released Tuesday

The Consumer Price Index for December comes out on Tuesday. The November report showed price pressures slowing to 2.7%.
 

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Image Source: Forex Factory

Delayed wholesale inflation reports from October and November will also be released this week. Federal Reserve officials will watch this data closely.

Several Fed officials are scheduled to speak throughout the week. Traders are pricing in 95% odds that the Fed keeps rates unchanged at its late January meeting.

Retail Sales and Housing Data Expected

Retail sales data for November releases on Wednesday. The report will provide insight into the 2025 holiday shopping season. New home sales reports for September and October are also due this week. Home sales have stalled due to persistent affordability challenges.

The budget deficit report will show updated tariff collection levels. Existing home sales data for December will also be released on Wednesday.

Taiwan Semiconductor Manufacturing Earnings on Thursday

Taiwan Semiconductor Manufacturing Company will report earnings on Thursday. The report will show whether chipmakers can maintain strong revenue growth, as demand for artificial intelligence chips has been surging. The company’s results will provide insight into the tech sector’s health.

US Job Growth Hits 22-Year Low

The US added 584,000 jobs in 2025, down from over 2 million in 2024. This marked the worst year for job growth outside a recession since 2003.

The unemployment rate stood at 4.4% in December. This represents the lowest rate in four months. Youth unemployment among workers ages 16-24 reached 10.4%. This is up from 9% a year ago and 8% in December 2023.

Workers unemployed for more than 27 weeks rose to 1.95 million in December. This is up from 1.56 million a year ago, and it accounts for a quarter of those unemployed.

Earnings Growth Expected Across Most Sectors

S&P 500 companies are expected to report earnings growth of 8.3% in the fourth quarter. This would mark the 10th straight quarter of annual profit growth.
 

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Image Source: Yahoo! Finance

8 of the index’s 11 sectors are expected to report earnings growth. Only the Industrials, Energy, and Consumer Discretionary sectors are projected to show declines.

Meanwhile, oil prices climbed through the week after the US military captured Venezuelan president Nicolás Maduro. The Trump administration also conducted a large-scale seizure of the country’s oil industry.

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