-- JPMorgan Chase will be the first bank to report earnings on Wednesday. It is expected to earn $1.15 per share for the first quarter on revenue of $25 billion. One of the healthiest banks, JPMorgan increased its quarterly dividend by more than any other, to 25 cents a share from 5 cents. JPMorgan is also leading Dealogic's rankings for mergers and acquisitions.
-- Bank of America Corp. goes next on Friday. The Charlotte, N.C. bank is expected to report earnings of 27 cents per share on revenue of $26 billion. It was the only one of the four largest banks that wasn't allowed to increase its dividend. The largest writer of home loans and credit cards, Bank of America has struggled to grow during the slow economic recovery. New regulations took away some of its most lucrative sources of income from fees related to overdrafts and late payments.
-- Citigroup goes next on Monday. The New York bank is expected to report earnings of 9 cents per share on revenue of $21 billion. Barclays' Goldberg hopes to see improvements in its investment banking revenue after disappointing results last quarter. He also expects better results from its global portfolio.
-- Goldman Sachs Group Inc. reports on Tuesday. It is expected to earn $2.39 per share on revenue of $10 billion. Keith Horowitz, an analyst at Citi, expects Goldman's strength in risk management to be in greater demand from its clients at a time of global political unrest, higher gas prices, and rising interest rates.
-- Wells Fargo is expected to report earnings of 66 cents a share on revenue of $21 billion on Wednesday. Wells has a large mortgage business and is likely to be hurt by any increase in mortgage rates.
-- Morgan Stanley, which reports next Thursday, is expected to earn 42 cents a share on revenue of $8 billion. Horowitz expects Morgan's investment banking fees to decline 30 percent from the last quarter.
发表于 2011-4-12 19:56
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发表于 2011-4-12 21:00
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