Jim Cramer flags bank and chip earnings tests for the week ahead
Jim Cramer highlighted major bank results, ASML and TSMC reports, inflation data and rising Treasury yields in his market calendar.
By Theo Nakamura · Staff Writer
· 3 min read
Cramer week ahead earnings puts major banks and semiconductor companies on the calendar as quarterly reporting season begins. CNBC’s Jim Cramer said the results, along with inflation and consumer-spending data, could give investors a clearer read on corporate performance and the artificial-intelligence trade, while higher Treasury yields remain a risk for the broader market.
Cramer laid out the schedule on CNBC on Friday, framing the coming days as a series of tests rather than a reason to assume any company will meet expectations. He also flagged oil prices and borrowing demand as factors investors will be watching alongside the earnings releases.
Which earnings reports did Cramer highlight this week?
Tuesday’s reports are set to include Goldman Sachs, Wells Fargo, JPMorgan Chase and Citigroup, according to CNBC. Johnson & Johnson is also due to report. Cramer said he was positive on Goldman and Wells Fargo, more reserved about JPMorgan, and looking for evidence that Citigroup can improve. CNBC identified Goldman, Wells Fargo and Johnson & Johnson as holdings of Cramer’s Charitable Trust.
Wednesday brings the consumer price index, or CPI, and results from ASML. Cramer said he will be looking for inflation to ease outside energy. He also said that stronger guidance and demand commentary from ASML would make him more constructive on Lam Research and Applied Materials. That is Cramer’s conditional view, not a forecast for ASML’s results or for those stocks.
Bank of America, Morgan Stanley and BlackRock are also expected to report Wednesday, CNBC said. Cramer pointed to Morgan Stanley’s wealth-management business as a source of growth beyond investment banking.
Thursday’s schedule includes Taiwan Semiconductor Manufacturing, Charles Schwab, the producer price index and retail-sales data, according to CNBC. TSMC’s investor-relations calendar lists its third-quarter 2026 earnings conference and call for Oct. 15. An earnings call is where management discusses the quarter and its outlook after reporting results.
Cramer said a strong TSMC report could lead to a substantial rally in semiconductor stocks. TSMC said in its 2025 annual report that AI-related demand was robust during 2025 and that it expected such demand to remain robust entering 2026, while macroeconomic uncertainty persisted. That company outlook does not establish the outcome of the coming quarter.
What else is on investors’ calendars?
CNBC said Thursday’s PPI and retail-sales releases could offer fresh indications about inflation and consumer spending. Schwab is also scheduled to report and hold an analyst meeting, which Cramer said may provide information about the role of individual investors in markets.
Cramer’s main caution is the bond market. He said rising Treasury yields could pressure markets, citing oil and financing demand from the Treasury and private businesses, including data-center investment. His expectation that the long bond could yield more than 6% is his opinion, not a reported market outcome.
This story draws on original reporting from CNBC.
