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Citigroup, Bank of America and Others Reporting as Earnings Season Ramps Up
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The second week of 2018 is in the books, and markets are continuing to rise. All three major exchanges reached new milestones and all-time highs this past week, setting the stage for what could be an explosive earnings season. Banks generally kick off earnings season and JPMorgan and Wells Fargo have already released their reports. Now a few additional big banks and some others will report this week. Keep in mind that there are four Dow stocks reporting results this week as well.
24/7 Wall St. has put together a preview of some of the top companies reporting their latest results in the coming week. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history for these companies ahead of the report.
It’s worth pointing out that estimates or dates may change ahead of the report.
Citigroup Inc. (NYSE: C) fourth-quarter earnings results will be released early on Tuesday. Those results will be compared with consensus estimates of $1.19 in earnings per share (EPS) and $17.22 billion in revenue. The shares closed trading at $76.84 apiece on Friday. The consensus price target is $81.59, and the 52-week trading range is $55.23 to $77.92.
Comerica Inc. (NYSE: CMA) is expected to share its most recent quarterly numbers first thing Tuesday as well. Analysts are looking for $1.21 in EPS and $817.65 million in revenue. Shares were last seen trading at $93.04, in a 52-week range of $64.04 to $93.54. The consensus price target is $93.43.
Bank of America Corp. (NYSE: BAC) is set to release its most recent quarterly results Wednesday morning. The consensus forecast calls for $0.44 in EPS on $21.53 billion in revenue. Shares ended last week at $31.19. The consensus price target is $32.28, and the 52-week range is $22.01 to $31.20.
Morgan Stanley (NYSE: MS) is scheduled to share its most recent quarterly numbers early on Thursday. The company will report $0.77 in EPS and $9.2 billion in revenue, if analysts are correct. Shares were last trading at $55.12, in a 52-week range of $40.06 to $55.14. The consensus price target is $57.46.
Schlumberger Ltd. (NYSE: SLB) is set to release its most recent quarterly results Friday morning. The consensus forecast calls for $0.45 in EPS on $8.13 billion in revenue. Shares ended last week at $77.97. The consensus price target is $75.52, and the 52-week range is $61.02 to $87.84.
And Synchrony Financial (NYSE: SYF) will report its fourth-quarter results before Friday’s opening bell too. The consensus estimates are EPS of $0.64 and revenue of $3.96 billion. Shares closed most recently at $39.37, in a 52-week range of $26.01 to $40.17. The consensus price target is $44.75.
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