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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Omnicom Group Inc.

OMC2025-04-15Marketing and AdvertisingGlobal
Negative

As we look at the especially in the next ninety days. And how some of these tariffs and other moves get negotiated or do they stay in place?

Guidance Impact
Uncertainty surrounding tariffs is causing conservatism in revenue guidance adjustments.

Albertsons Companies

ACI2025-04-15GroceryNorth America
Neutral

We procure more than 90% of our products domestically, so that's a very different position than some of the competitive set out there.

Cost Impact
While the majority of products are sourced domestically, there are still impacts from ingredients sourced from tariff-affected areas.
Supply Chain
A task force has been deployed to understand and mitigate the complexities related to tariffs as they evolve.

Hancock Whitney Corporation

HW2025-04-15BankingNorth America
Negative

The somewhat pause that we're seeing from larger organizations and medium-sized organizations due to the tariff concerns last all through the quarter.

Revenue Impact
Tariff concerns are causing a slowdown in loan production, pushing potential growth into later quarters.
Operations
Customer behavior is cautious, leading to delays in closing deals and impacting overall operations.

Interactive Brokers Group

IBKR2025-04-15Financial ServicesGlobal
Neutral

We do not yet see any decrease in the appetite of our non-US clients for opening an account and trading mostly US markets.

Guidance Impact
While tariffs may affect investor sentiment, current demand for US stocks from non-US clients remains strong.

FB Financial Corporation

FBK2025-04-15BankingNorth America
Neutral

We're monitoring markets, tariff policy, tax rules, regulatory requirements, and we'll react as necessary to steer our company.

Guidance Impact
Management is assessing the economic uncertainty surrounding tariffs and their potential impact on business operations and loan growth.

Pinnacle Financial Partners

PNFP2025-04-15Financial ServicesNorth America
Neutral

Our credit officers are working their portfolios, trying to understand what tariffs or a protracted trade war could do to our portfolio.

Financial Impact
Potential need to build reserves due to stress in the trucking sector affected by tariffs.
Operations
Credit officers focused on assessing the impact of tariffs on various client sectors.

Bank of America

BAC2025-04-15Financial ServicesGlobal
Negative

clients are simply waiting on more clarity on trade policy and the regulatory environment before committing to deals.

Revenue Impact
Uncertainty around tariffs is affecting client decision-making, leading to reduced deal commitments.
Operations
The bank is closely monitoring the impact of trade policy changes on client behavior and business strategy.

Johnson & Johnson

JNJ2025-04-15HealthcareGlobal
Negative

What's included in the $400 million, and again, that is primarily MedTech tariffs at this point.

Cost Impact
The company expects a $400 million cost impact from tariffs primarily related to MedTech products, affecting gross margins.
Financial Impact
Tariff-related costs are expected to be reflected on the balance sheet in inventory and will affect future P&L periods.

Goldman Sachs

GS2025-04-14Financial ServicesGlobal
Negative

the prospect of a recession has increased with growing indications that economic activity is slowing down around the world. This uncertainty around the path forward and fears over the potentially escalating effects of the trade war have created material risks to the US and global economy.

Financial Impact
Increased uncertainty due to trade policy could lead to reduced client investment and transaction activity, affecting overall financial performance.
Operations
Clients are concerned about the impact of trade policies on their business strategies, which may affect Goldman Sachs' ability to execute transactions.

M&T Bank

MTB2025-04-14Financial ServicesNorth America
Negative

The ultimate impact on tariffs on the broader economy remains unknown at this point.

Operations
Customers are on pause regarding investments and acquisitions due to lack of confidence stemming from tariff uncertainties.
Revenue Impact
Potential delays in capital expenditures by business customers affecting loan growth.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.