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Citibank To Report Q1 Earnings Today

Citibank (C) is the latest of the big banks to report Q1 earnings early this season, fitting the narrative established this week by peers like JPMorgan (JPM). Bank of America (BAC) missed by a penny, but hey — this is far from the Wall Street apocalypse some may have been expecting.
Now that the banks have not yet dropped the ball so far in Q1, we look toward the big companies due to report Q1 earnings next week and beyond. For a comprehensive report on the FANG (Facebook, Amazon, Netflix, Google) trade, read Zacks’ Madeleine Johnson’s take on expectations: What’s in Store for FANG Stocks This Earnings Season?
In macro-news, Industrial Production was down 0.6 percent, and the Cap Utility rate clocks in at 74.8 percent. This is well below expectations, and February’s revision was also lower: 75.3 percent, under the expected 76.7 percent. Even the IP number was disappointing; it was supposed to be unched.
Keep in touch with throughout the day for new analysis of Q1 earnings reports.

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