This Week: Bank Earnings, CPI and TSMC Set the Tone

Overview

• JPMorgan starts fourth-quarter 2025 results on Tuesday, with Bank of America, Wells Fargo and Citigroup reporting midweek and Morgan Stanley and Goldman Sachs on Thursday.
• December Consumer Price Index data arrives Tuesday, with delayed wholesale inflation reports expected to add nuance to the inflation picture.
• Multiple Federal Reserve officials speak throughout the week as markets price roughly a 95% chance of no rate change at the late-January meeting.
• Taiwan Semiconductor reports Thursday, offering a key read on whether surging demand for AI chips is sustaining chipmaker revenue growth.
• Retail sales and housing releases will gauge holiday spending and home sales, with context from 2025’s unusually weak annual job gains.