2 Big Bank Stocks on Trading Radars Ahead of Earnings

Fifth Third Bancorp (NASDAQ:FITB) will unveil its latest earnings on Friday, January 20, 2012. The average estimate of analysts is for profit of 36 cents per share, a rise of 9.1% 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 33 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 36 cents during the last month. For the year, analysts are projecting net income of $1.35 per share, a rise of more than twofold from last year.

The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 40 cents per share, and the previous quarter, it had net income of 35 cents. On average, analysts predict $1.53 billion in revenue this quarter, a decline of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $6.05 billion for the year, a decline of 4.7% from last year’s revenue of $6.35 billion.

Competitors to Watch: Huntington Bancshares Inc. (NASDAQ:HBAN), FirstMerit Corporation (NASDAQ:FMER), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Marshall & Ilsley Corp. (NYSE:MI), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), PNC Financial Services (NYSE:PNC), JPMorgan Chase & Co. (NYSE:JPM), SunTrust Banks, Inc. (NYSE:STI), and PrivateBancorp, Inc. (NASDAQ:PVTB).

Comerica, Inc. (NYSE:CMA) will unveil its latest earnings on Friday, January 20, 2012. The average estimate of analysts is for net income of 46 cents per share, a decline of 13.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 53 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 48 cents during the last month. Analysts are projecting profit to rise by 164.6% versus last year to $2.09.

Last quarter, the company beat estimates by 10 cents, coming in at profit of 62 cents a share versus the estimate of net income of 52 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 0.2% in revenue from the year-earlier quarter to $621.1 million.

Competitors to Watch: U.S. Bancorp (NYSE:USB), University Bancorp, Inc. (UNIB), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), Regions Financial Corp. (NYSE:RF), JPMorgan Chase & Co. (NYSE:JPM), Citizens Republic Bancorp, Inc. (NASDAQ:CRBC), and Old National Bancorp (NYSE:ONB).