J.P. Morgan Chase & Co (JPM) and Wells Fargo & Co (WFC) have seen shares jump around 3% since the investment banks’ strong first-quarter financial results, and so outperforming the market. Loans and deposits rose to mark important organic growth. And while JPM reported lower mortgage and higher operating expenses, WFC’s expansion in residential real estate cheered up business sentiment across its multi-level segments.
In technology sector, Applied Materials Inc (AMAT) is expected to post solid second-quarter results on Thursday, May 18. Also this week, headline earnings news are scheduled from Cisco Systems Inc (CSCO), Gap (GPS), Home Depot Inc (HD), Ralph Lauren Corp (RL), Ross Stores Inc (ROST), salesforce.com Inc (CRM), and TJX Companies Inc (TJX). Following mixed statements from retailers, SPDRÂ S&P Retail ETF (XRT) lost almost 3% last week.