2 Bank Stocks to Investors Are Analyzing Before Earnings

US Bancorp (NYSE:USB) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of 63 cents per share, a rise of 34% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 61 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 63 cents during the last month. Analysts are projecting profit to rise by 39.8% versus last year to $2.39.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 64 cents per share against a mean estimate of profit of 61 cents per share. On average, analysts predict $4.76 billion in revenue this quarter, a rise of 0.8% from the year ago quarter. Analysts are forecasting total revenue of $18.67 billion for the year, a rise of 2.9% from last year’s revenue of $18.15 billion.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Comerica Incorporated (NYSE:CMA), Zions Bancorporation (NASDAQ:ZION), Pinnacle Financial Partners (NASDAQ:PNFP), Regions Financial Corp. (NYSE:RF), Goldman Sachs Group, Inc. (NYSE:GS), and Capitol Bancorp Ltd. (NYSE:CBC).

State Street Corp (NYSE:STT) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of 94 cents per share, a rise of 8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 89 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 94 cents during the last month. Analysts are projecting profit to rise by 9.7% versus last year to $3.74.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 8 cents, reporting net income of 96 cents per share against a mean estimate of profit of 88 cents per share. On average, analysts predict $2.4 billion in revenue this quarter, a rise of 5.3% from the year ago quarter. Analysts are forecasting total revenue of $9.65 billion for the year, a rise of 10.8% from last year’s revenue of $8.71 billion.

Competitors to Watch: The Bank of New York Mellon Corp. (NYSE:BK), Northern Trust Corporation (NASDAQ:NTRS), Citigroup Inc. (NYSE:C), SEI Investments Company (NASDAQ:SEIC), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), Barclays PLC (NYSE:BCS), FXCM Inc (NYSE:FXCM), and Morgan Stanley (NYSE:MS).