Actionable news
0
All posts from Actionable news
Actionable news in C: CITIGROUP Inc,

Big Banks In The Spotlight As New Earnings Season Begins

Trade with confidence. Are you a professional trader? Be the first to get the alert with Benzinga Pro's real-time newsfeed and audio squawk and never miss an opportunity again.
Don't miss the chance to try it FREE today.

Bank of America Corporation NYSE:BAC, Citigroup Inc. NYSE:C - Big Banks In The Spotlight As New Earnings Season Begins
  • The first-quarter earnings reporting season kicks off this week.
  • Among the first companies to share their results will be the big U.S. banks.
  • Wall Street analysts are looking for shrinking earnings from them.

The new earnings season kicks off this week, and among the earliest to report their first-quarter results will be the big U.S. banks. Judging by the consensus forecasts of Wall Street analysts, expectations are somewhat muted for Bank of America Corp BAC 0.23%, Citigroup Inc C 0.5% and Wells Fargo & Co WFC 0.3%. Not only are shrinking earnings predicted, but earnings expectations have been slipping over the past 60 days or so.

Below is a quick look at what is expected from the reports of these three leading banks, as well as a peek at some of the other companies that also are on tap to post quarterly results this week.

Bank of America

In its report early on Thursday, this North Carolina-based money center bank is expected to say that in the first quarter it had...


More