Bank earnings season is here

What’s your next move?

As US banking giants like J.P Morgan Chase, Morgan Stanley and Wells Fargo prepare to release their quarterly earnings throughout January, don’t forget: FOREX.com lets you trade top bank indices and individual bank stocks via CFDs with 0% commission*.

  • Devise a strategy with top charting tools and cutting-edge analysis
  • Act decisively when the market moves with fast execution
  • Trade with a trusted, established Canadian broker
  • 10% cashback for a limited time only
*Spread cost still applies
T&C apply
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What’s next for the markets?

US stocks are pointing to a modestly weaker start after gains in the previous session. The NASDAQ and the Dow have reached record highs, and the S&P500 is near after an impressive rally this month fueled by expectations that the Federal Reserve will cut interest rates in early 2024.

Key markets

Earnings release dates

January 12, 2024
JPMorgan Chase and Co. (JPM)
January 12, 2024
Citigroup (C)
January 12, 2024
Bank of America (BAC)
January 16, 2024
Morgan Stanley (MS)
January 17, 2024
Wells Fargo (WFC)
February 28, 2024
Bank of Montreal (BMO)
February 29, 2024
TD Bank (TD)

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Stock CFDs explained

 
Stock CFDs explained
If you want to profit from a company’s performance, then trading stock CFDs is the way to do it. We explain what they are and the key things you need to know.
Why trade stock CFDs?
Stocks are one of the most popular asset classes to trade and are a favourite of longer-term traders. Trading stocks via CFDs, however, opens the door to even more trading possibilities.
How to trade stock CFDs
Want to know how to trade stocks using CFDs without owning the underlying stock? This section breaks down how to profit from falling and rising prices.

Bank earnings FAQs

How do I trade earnings season?

To trade bank earnings, you can decide whether you think a bank's share price is going to move up or down when it releases its quarterly report – and open a position accordingly. Open a FOREX.com account to get started, or try a demo to trade risk-free.

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What is CFD trading?

A Contract for Difference (CFD) is an alternative way to trade a wide range of financial markets, such as stocks, indices, and commodities without the buying and selling of any underlying assets.

CFDs are financial contracts that pay the difference in price between the opening and closing trades. CFD pricing is derived from the underlying market. For example, the Citigroup CFD will have the same price as Citigroup listed on the Nasdaq exchange. When you trade a CFD, you’re getting the same exposure as you would if you had bought the asset it tracks, but instead of investing in the market, you’re buying a contract for a fraction of the stock’s value.

There are several reasons why traders choose to go for stock CFDs over traditional stock trading, including leveraging, shorting, and hedging your existing position.

Read more on stock CFDs

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Can I short bank stocks?

If you think a bank is going to miss estimates and fall in value, instead of hitting or exceeding estimates and rising in value, you can short it by selling its stock instead of buying it. With your FOREX.com account, you can select 'sell' instead of 'buy' stocks via CFDs in the platform.

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Why are bank earnings important for traders?

Bank earnings releases generally influence traders' opinions of companies based on their quarterly results. If a company posts major profits, it's safe to assume that trader sentiment for that company will trend very positively.

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Why trade earnings season with FOREX.com Canada?
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*Refers to FX executions for the FOREX.com group. Please note that multiple factors may impact execution speed, including but not limited; market conditions, platform type, network connectivity, trading strategies, and account type. FOREX.com's execution statistics represent orders executed on FOREX.com's platforms during market hours between October 31, 2023, 5:00 pm ET, and November 30, 2023, 5:00 pm ET for all FOREX.com's international affiliates and exclude trades/orders entered on the MetaTrader platform.

Market volatility, volume, and system availability may delay trade executions. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted. Price improvement is not guaranteed and will not occur in all situations.

Excludes trades that received non-standard order processing and orders that failed to trigger

*TERMS AND CONDITIONS: You can now trade commission free stock CFDs through March 31st, 2024. We will waive any applicable commissions on stock CFD trades placed during this time period. After that, our reduced commissions as listed in the commission table here will be in effect going forward.

Equities are not available on the MetaTrader 4 platform.

View individual margin requirements for each stock CFD for USD and CAD based accounts.

OFFER DETAILS: Open and Fund a new FOREX.com account by March 31st, 2024 and get 10% cashback on deposits. Existing FOREX.com customers are not eligible for this promotion.

TERMS AND CONDITIONS: To qualify for this promotional offer, you must open and fund a new FOREX.com trading account with a minimum Initial Deposit of $5,000 by March 31st, 2024.

Eligible customers will receive a cash bonus ("Eligible Deposit Bonus") of 10% of their Initial Deposit, with a maximum credit of $20,000. To participate in the promotion, you must sign up for a new FOREX.com account using the URL provided as part of this promotion. Failure to sign up for a new account using the correct URL will disqualify you from participating.

Bonus is contingent upon execution of the qualifying standard round-trip trades within 60 days of funding. Eligible customers will receive a cash bonus ("Eligible Deposit Bonus") of 10% of their Initial Deposit, with a maximum credit of $20,000. Credit is contingent upon executing a minimum number of Qualifying Trades as defined here. The required number of Qualifying Trades is equal to the Eligible Deposit Bonus divided by 20. For example, if you deposit $10,000 you could qualify for a $1,000 cash bonus (10% of initial deposit) if you place 50 Qualifying Trades.

Credit will be applied at the beginning of the month after required trades are completed.

Limit one promotional offer per customer.

Withdrawals cannot be made that would cause the customer's account balance to fall below the amount of the initial deposit prior to receiving the credit.