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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.

Regions Financial Corporation

RF2025-04-17Financial ServicesNorth America
Neutral

it is too early to assess the full impact tariffs will ultimately have on loan demand.

Revenue Impact
Customers are delaying investment decisions pending further clarity on tariffs, which may affect loan demand and revenue growth.
Operations
Current uncertainty around tariffs has led customers to adopt a wait-and-see approach before engaging in investments or strategic decisions.

Truist Financial Corporation

TFC2025-04-17Financial ServicesGlobal
Negative

we have been actively analyzing our exposure to consumer and wholesale clients that we believe will be most impacted by tariffs, potential reductions in government spending and more severe economic scenarios.

Financial Impact
Concerns about clients' exposure to tariffs could impact credit quality and overall financial performance.

Schwab

SCHW2025-04-17Financial ServicesNorth America
Positive

We saw our two highest trading days ever, the Friday before the pausing of the tariffs and then the day that we paused tariffs.

Revenue Impact
Increased trading volumes due to market activity surrounding tariff changes.
Operations
Improved engagement levels with clients as they navigate market volatility related to tariffs.

Blackstone

BX2025-04-17Financial ServicesGlobal
Negative

Uncertainty around tariffs and their potential impact on economic growth and inflation has dramatically impacted investor sentiment.

Cost Impact
Tariffs are likely to drive up construction costs in real estate, reducing new supply.
Revenue Impact
Potential material impact to a relatively small group of portfolio companies could affect overall revenues.
Supply Chain
First order impact limited, but second order effects from tariffs may disrupt supply chains and corporate earnings.
Guidance Impact
The complex situation surrounding tariffs creates uncertainty that may influence future guidance and performance expectations.

Forestar Group Inc.

FOR2025-04-17Real Estate / Land DevelopmentNorth America
Neutral

I think it's too early to tell. Again, I think, you know, as we scale our business and we continue to build relationships, I think it's going to give us the ability to either hold pricing or see limited impacts to tariffs.

Cost Impact
Tariffs have not resulted in significant cost increases thus far, with no immediate impact observed.

Badger Meter

BMI2025-04-17ManufacturingNorth America
Negative

We could face import tariff exposure on electronics and related components from China, Southeast Asia, and Israel...

Cost Impact
Higher tariff-related input costs for US-manufactured products due to tariffs on imported electronics.
Revenue Impact
Potential need for targeted pricing offsets to manage increased costs, which could affect overall revenue.

Fifth Third Bancorp

FITB2025-04-17Financial ServicesGlobal
Negative

the only way they really have to respond in the near to medium term is to push prices.

Cost Impact
Clients anticipate needing to raise prices to cover the costs associated with tariffs.
Revenue Impact
Potential volume losses in foreign markets may affect revenue from clients with international supply chains.
Supply Chain
Companies are diversifying away from China, impacting their supply chain strategies.

Marsh McLennan

MMC2025-04-17InsuranceGlobal
Negative

Ongoing trade negotiations will continue to create challenges for businesses and this has led to reduced consumer and business confidence.

Cost Impact
Tariffs would likely be inflationary to the overall cost of risk.
Revenue Impact
Global GDP may slow at least until there's some resolution, impacting revenue growth.

UnitedHealth Group

UNH2025-04-17HealthcareGlobal
Neutral

we feel pretty well positioned for that, Andrew.

Cost Impact
Potential exposure to pharmaceutical tariffs is mitigated by price protection mechanisms in existing contracts.

D.R. Horton

DHI2025-04-17ConstructionNorth America
Neutral

But feel very good about our supply chain today and about our labor force today, and we'll just take whatever comes out of the tariffs as it comes at us once it settles down.

Cost Impact
Potential cost increases from tariffs affecting material prices.
Supply Chain
Ongoing management of supplier relationships to mitigate tariff impacts.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.