Cheddar News takes a look at The Day Ahead as a slate of earnings is due to be reported from some of the country's biggest banks, including JPMorgan, PNC, Wells Fargo and Citigroup. March retail sales are also on tap to be released.

Closing Bell

The Day Ahead: Bank Earnings, March Retail Sales

Well, let's take a look ahead of the event short of markets tomorrow, we've got a big slate of earnings on tap all coming up before the bell on a Friday and time for some of America's biggest banks to report. So we're going to get JP Morgan City Group P N C Wells Fargo all set to release quarterly results tomorrow morning. These will be closely watched after that banking crisis and the US saw the failure of several regional lenders like Silicon Valley Bank. Well, the banks will want to show investors that they don't have the same liquidity issues as those collapsed. Lenders. Analysts do expect JP Morgan Citigroup and Wells Fargo to show increased sales and profits for the first quarter. But the big concern for the banking sector is how much higher rates will go. So we'll be watching that closely after getting new inflation data these past few days, we'll get an updated look at March retail sales tomorrow as the US Census Bureau is set to release the March 2023 advanced monthly retail report at 8 30 AM Eastern. It's going to give us a glimpse into consumer spending amid still high inflation and retail sales in February reaching $697 billion. That was down 4% from the previous month, but up more than 5% from February of last year.