Banking, finance, and taxes
JPMorgan, Wells Fargo and More Kicking Off Earnings Season
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The first 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 earnings season. Banks generally kick off earnings season and this week is no exception. While there are a couple of smaller stocks reporting this week the big names are the banks, with even more to come next week.
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.
Keep in mind that estimates or dates may change ahead of the report, but these financial institutions are scheduled to report on Friday.
BlackRock Inc.’s (NYSE: BLK) fourth-quarter earnings results will be compared with consensus estimates of $5.97 in earnings per share (EPS) and $3.3 billion in revenue. Its shares closed trading at $525.57 apiece on Friday. The consensus price target is $542.00, and the 52-week trading range is $365.83 to $525.94.
JPMorgan Chase & Co. (NYSE: JPM) is expected to share its most recent quarterly numbers first thing Friday. Analysts are looking for $1.68 in EPS and $25.27 billion in revenue. Shares were last seen trading at $108.34, in a 52-week range of $81.64 to $110.03. The consensus price target is $108.54.
PNC Financial Services Group Inc. (NYSE: PNC) also is set to release its most recent quarterly results Friday morning. The consensus forecast calls for $2.28 in EPS on $4.18 billion in revenue. Shares ended last week at $144.78. The consensus price target is $150.00, and the 52-week range is $113.66 to $147.28.
And Wells Fargo & Co. (NYSE: WFC) will report its fourth-quarter results before Friday’s opening bell too. The consensus estimates are EPS of $1.07 and revenue of $22.3 billion. Shares closed most recently at $62.75, in a 52-week range of $49.27 to $63.05. The consensus price target is $61.74.
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