2 Financial Stocks Actively Trading Ahead of Earnings Reports

Ameriprise Financial, Inc. (NYSE:AMP) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for net income of $1.36 per share, a rise of 12.4% 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 $1.38. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.36 during the last month. Analysts are projecting profit to rise by 13% versus last year to $5.05.

The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of $1.04 per share against an estimate of net income of $1.22 per share. The quarter before that, it missed expectations by 2 cents. On average, analysts predict $2.53 billion in revenue this quarter, a decline of 3.8% from the year ago quarter. Analysts are forecasting total revenue of $10.2 billion for the year, a rise of 6.5% from last year’s revenue of $9.58 billion.

Competitors to Watch: Financial Engines Inc (NASDAQ:FNGN), Oppenheimer Hldgs. Inc. (NYSE:OPY), Raymond James Financial, Inc. (NYSE:RJF), LPL Investment Hldgs. Inc. (NASDAQ:LPLA), Principal Financial Group, Inc. (NYSE:PFG), Stifel Financial Corp. (NYSE:SF), Prudential Financial, Inc. (NYSE:PRU), MetLife, Inc. (NYSE:MET), Bank of America Corp. (NYSE:BAC), and TD Ameritrade Holding Corp. (NASDAQ:AMTD).

Franklin Resources, Inc. (NYSE:BEN) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for net income of $2.10 per share, a decline of 5.8% 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 $2.05. Between one and three months ago, the average estimate moved up. It has dropped from $2.16 during the last month. For the year, analysts are projecting profit of $8.55 per share, a decline of 0.8% from last year.

Last quarter, the company missed estimates by 11 cents, coming in at net income of $1.88 per share versus a mean estimate of profit of $1.99 per share. In the third quarter of the last fiscal year, the company beat estimates by 10 cents. Analysts are projecting no change in revenue from the year-earlier quarter to $1.7 billion.

Competitors to Watch: Federated Investors, Inc. (NYSE:FII), Cohen & Steers, Inc. (NYSE:CNS), Calamos Asset Management, Inc (NASDAQ:CLMS), U.S. Global Investors, Inc. (NASDAQ:GROW), Waddell & Reed Financial, Inc. (NYSE:WDR), T. Rowe Price Group, Inc. (NASDAQ:TROW), Janus Capital Group Inc. (NYSE:JNS), Virtus Investment Partners, Inc. (NASDAQ:VRTS), BlackRock, Inc. (NYSE:BLK), and Ameriprise Financial, Inc. (NYSE:AMP).