I wrote a script that complies news articles discussing stocks with upcoming earnings this week. I scrapped articles spanning back to 2 or 3 months ago and asked ChatGPT to summarise key information, recommend things to monitor in their next earnings and select most interesting headlines.

This helped me quickly get some context on upcoming earnings but in no way is enough due diligence.

Here are the results for some of this week earnings.

Let me know if you're interested in this for another stock.

Enjoy!

Wells Fargo and Company

Summary:

• Wells Fargo has been fined for sanctions violations.
• Wells Fargo has laid off hundreds of mortgage bankers and reduced its mortgage workforce on strategy rejig.
• Wells Fargo is under investigation over retaining electronic records.
• Wells Fargo has agreed to pay $300 million to settle with shareholders over auto insurance disclosures.
• Wells Fargo's deposit base is rising but continues outperforming peers.
• Wells Fargo is stepping back from the mortgage market.

Things to watch for in the next earnings:

• Wells Fargo's revenue and net income for the quarter/year.
• The impact of the fine for sanctions violations on Wells Fargo's financials.
• The impact of the reduction in the mortgage workforce on Wells Fargo's mortgage business.

Most intersting articles:

• wells fargo to pay $97 mln for sanctions compliance failures
• wells fargo cfo on commercial real estate: it’s going to ‘get worse’
• wells fargo agrees to pay $300 million to settle with shareholders over auto insurance disclosures
• wells fargo continues to flourish
• wells fargo's deposit base is rising, but continues outperforming peers

​

JP Morgan Chase

Summary

• JPMorgan's deal-making activities are being scrutinised by US regulators
• JPMorgan may face an expanded lawsuit over its ties with Epstein
• JPMorgan CEO Jamie Dimon will be interviewed under oath in lawsuits related to Epstein
• JPMorgan is acquiring investment analytics software firm Aumni
• JPMorgan traders are facing accusations of spoofing
• JPMorgan is working on a rescue plan for First Republic bank
• JPMorgan's sustainability team is expanding

Things to watch for in the next earnings report:

• The impact of regulatory scrutiny on JPMorgan's deal-making activities
• Any updates on the Epstein lawsuits and JPMorgan's legal expenses
• The impact of rising interest rates on JPMorgan's lending business
• Any updates on JPMorgan's efforts to expand its sustainability initiatives

Most intersting articles:

• JPMorgan's deal-making activities being scrutinized by US regulator
• JPMorgan may face an expanded lawsuit over Jeffrey Epstein ties
• JPMorgan traders should get prison for spoofing
• JPMorgan CEO leading talks for new First Republic rescue plan – WSJ

​

BlackRock Inc

Summary

• BlackRock is expected to report weak Q1 earnings due to weak market performance.
• BlackRock ended block on £3.5bn UK property fund withdrawals.
• BlackRock is set to sell $114 billion of failed banks' securities.
• BlackRock's bond chief says the Fed will continue with rate hikes then pause.
• BlackRock's CEO Larry Fink sees the possibility of a broader banking crisis on the horizon.
• BlackRock launches a metaverse-themed ETF.
• BlackRock 'overweights' short-term Treasuries as inflation lingers.
• BlackRock cuts Japanese stocks to "underweight" on hawkish BOJ risks.
• BlackRock's upcoming dividend will be larger than last year's.

Things to watch for in the next earnings report:

• The success of BlackRock's $114 billion sale of failed banks' securities.
• The impact of the UK pension crisis on BlackRock's clients.
• The performance of BlackRock's new metaverse-themed ETF.
• BlackRock's overall strategy in the face of a possible broader banking crisis and inflation.

Most intersting articles:

• BlackRock’s Larry Fink sees the possibility of a broader banking crisis on the horizon: ‘Are the dominoes starting to fall?’
• BlackRock calls on clients to rethink hedging strategy after UK pension crisis
• BlackRock to Sell $114 Billion of Failed Banks’ Securities
• Bonds are right and stocks are wrong. Here’s what you should do about it, says BlackRock

​

Delta Air Lines Inc

Summary:

• Delta Air's Q1 2023 revenues are expected to have benefited from buoyancy in air-travel demand.
• The Federal Aviation Administration urged airlines to cut back on flights by up to 10% at some of the busiest airports due to a lack of in-air traffic controllers; Delta has temporarily cut 17 flights.
• Delta Air Lines stock price fell 10% in a month.
• A U.S. court rejected American Airlines' appeal to have the European Union cancel two airport slots granted to Delta Airlines in 2013.
• Delta's employees will receive a 5% pay increase and pilots will receive a 34% cumulative pay increase over three years.
• Delta is expanding its service from Love Field in Dallas.

Things to watch for in the next earnings:

• The impact of the Federal Aviation Administration's call to cut flights
• Delta's employee pay increase and the potential impact on profitability
• Delta's expansion from Love Field in Dallas
• The effects of winter storms on Delta's operations

Most intersting articles:

• Delta pilots to receive 34% cumulative pay increase over three years
• U.S. court rejects American Airlines' appeal over Heathrow, Philadelphia slots granted to Delta in 2013