Top 4 Financial Stocks Reporting Next Week

By Chris Lange Updated Aug 17, 3:41PM EDT · Published Oct 15, 10:40AM EDT

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Top 4 Financial Stocks Reporting Next Week — © Thinkstock

[cnxvideo id=”507124″ placement=”ros”]As the earnings season has just kicked off, we are now hailing some of the first reporters, which are the major banks. Quarterly performance is just one issue, and investors might want to pay more attention to what the banks have to say about the looming Federal Reserve rate hikes. So far JPMorgan, Wells Fargo and Citigroup have already reported and set an optimistic tone for these stocks.

24/7 Wall St. has put together a preview of some of the major financial companies reporting their quarterly results this week. We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.

Be sure to check out our preview of the major technology and media stocks kicking off earnings season as well.

Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.

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Bank of America Corp. (NYSE: BAC) is scheduled to report its third-quarter earnings on Monday. The consensus estimates call for earnings per share (EPS) of $0.33 and $20.94 billion in revenue. Shares were at $16.00 as the week’s trading came to a close. The consensus price target is $17.61, and the stock has a 52-week trading range of $10.99 to $18.09.

Goldman Sachs Group Inc. (NYSE: GS) is set to report its earnings on Tuesday. The consensus estimates are for EPS of $3.79 and revenue of $7.42 billion. Shares ended last week at $170.52. The consensus price target is $182.80. Shares have traded between $138.20 and $199.90 over the past year.

Morgan Stanley (NYSE: MS) third-quarter results are due on Wednesday. The consensus estimates call for $0.63 in EPS and $8.16 billion in revenue. Shares closed trading at $32.07 on Friday, below the consensus analyst price target of $33.73. The 52-week trading range is $21.16 to $35.74.

PayPal Holdings Inc. (NASDAQ: PYPL) will release its most recent quarterly results on Thursday. The consensus estimates have EPS at $0.35 on $2.65 billion in revenue. In Friday’s trading session, shares closed at $39.24. The consensus price target is $44.50, and the 52-week range is $30.52 to $41.75.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.