The biggest companies posting quarterly results this week are banks, which always kick off the new earnings season. Although only three major banks are reporting at the end of this week, the rest will be coming very shortly. This earnings season will most certainly play into the recent market volatility by injecting some fundamentals. Now, whether earnings will be solid is yet to be seen.
We are just entering into earnings season, in which most major companies will report and set a direction for the market. Here, 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 advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.
Citigroup Inc.’s (NYSE: C) fourth-quarter report is scheduled for Friday morning. The consensus forecast is $1.62 in earnings per share (EPS) on $18.84 billion in revenue. The same period of last year reportedly had $1.35 in EPS on $18.12 billion in revenue. Shares were recently seen trading at $70.72 apiece. The consensus price target is $83.41, and the 52-week trading range is $56.55 to $80.70.
JPMorgan Chase & Co. (NYSE: JPM) also is expected to release its most recent quarterly report early Friday. The consensus forecast calls for EPS of $2.28 on $27.63 billion in revenue. The fourth quarter of last year had $1.65 in EPS on $25.59 billion in revenue. Shares were trading at $112.49 on Friday. The consensus target price is $121.37, and shares have changed hands between $81.64 and $119.33 in the past year.
And Wells Fargo & Co. (NYSE: WFC) is poised to post its most recent quarterly results on Friday as well. The consensus forecast is $1.07 in EPS and $21.71 billion in revenue. A year ago, the bank posted $1.00 in EPS on $22.0 billion in revenue. Shares were last seen at $53.15 apiece. The consensus price target is $63.05, and the 52-week range is $49.27 to $66.31.