Word From Central Bank Due Next Week

Monday

U.S.

Markets closed for Martin Luther King Day

Canada

Economic lookahead

CREA Stats (MLS) (Dec.) The Canadian Real Estate Association said National home sales rose 3.9% from October to November. Actual (not seasonally adjusted) activity was up 2.6% from November 2016. The number of newly listed homes climbed 3.5% from October to November.

Tuesday

U.S.

Featured Earnings

Citigroup Inc. (NYSE:C) (Q4) EPS estimates of $1.24, compared to $1.14 in the prior-year quarter.

Comerica Incorporated (NYSE: CMA) (Q4) EPS estimates of $1.24, compared to 99 cents in the prior-year quarter.

CSX Corporation (NASDAQ: CSX) (Q4) EPS estimates of 56 cents, compared to 49 cents in the prior-year quarter.

First Republic Bank (NYSE: FRC) (Q4) EPS estimates of $1.24, compared to $1.03 in the prior-year quarter.

IHS Markit Ltd. (NASDAQ: INFO) (Q4) EPS estimates of 42 cents, compared to 38 cents in the prior-year quarter.

Pinnacle Financial Partners Inc. (NASDAQ: PNFP) (Q4) EPS estimates of 97 cents, compared to 83 cents in the prior-year quarter.


Wednesday

U.S.

Economic lookahead


Redbook (Weekly)

Industrial Production (Dec.)

Housing Market Index (Jan.)

Featured Earnings

Alcoa Corporation (NYSE: AA) (Q4) EPS estimates of $1.23, compared to 14 cents in the prior-year quarter.

Bank of America Corporation (NYSE: BAC) (Q4) EPS estimates of 45 cents, compared to 40 cents in the prior-year quarter.

Goldman Sachs Group Inc. (NYSE: GS) (Q4) EPS estimates of $5.08, identical to the prior-year quarter.


Canada

Economic lookahead

Bank Rate Announcement (10 a.m. ET)

Thursday

U.S.

Economic lookahead

Housing Starts (Dec.)

EIA Petroleum Status Report (Jan. 10-16)

Jobless Claims (Jan. 10-16)

Federal Open Market Committee Beige Book

Balance Sheet

Money Supply

Featured Earnings

American Express Company (NYSE: AXP) (Q4) EPS estimates of $1.54, compared to 91 cents in the prior-year quarter.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) (Q4) EPS estimates of $1.01, compared to 97 cents in the prior-year quarter.

M&T Bank Corporation (NYSE: MTB) (Q4) EPS estimates of $2.40, compared to $2.01 in the prior-year quarter.

Canada

Economic lookahead

Employment Insurance (Nov.) In October, 510,000 people received regular Employment Insurance benefits, virtually unchanged from September.

Featured Earnings

Canadian Pacific Railway Limited (T.CP) (Q4) EPS estimates of $3.26, compared to $3.04 in the prior-year quarter.

Friday

U.S.

Economic lookahead

Consumer Sentiment (Jan—preliminary)


Featured Earnings

Citizens Financial Group Inc. (NYSE: CFG) (Q4) EPS estimates of 67 cents, compared to 55 cents in the prior-year quarter.

Regions Financial Corporation (NYSE: RF) (Q4) EPS estimates of 26 cents, compared to 23 cents in the prior-year quarter.

Schlumberger N.V. (NYSE: SLB) (Q4) EPS estimates of 45 cents, compared to 27 cents in the prior-year quarter.


Canada

Economic lookahead

Monthly Survey of Manufacturing (Nov.) Manufacturing sales declined 0.4% to $53.5 billion in October, following two consecutive monthly increases. Sales of motor vehicles and other transportation equipment accounted for most of the decline in October

International Transactions in Securities (Nov.) Foreign investment in Canadian securities totaled $20.8 billion in October, led by record acquisitions of Canadian bonds. At the same time, Canadian investors increased their holdings of foreign securities by $16.5 billion, mainly purchases of U.S. shares.