2 Financial Stocks In Trading Spotlight Ahead of Earnings
Zions Bancorporation (NASDAQ:ZION) will unveil its latest earnings on Monday, January 23, 2012. The average estimate of analysts is for net income of 33 cents per share, a swing from a loss of 62 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 31 cents. Between one and three months ago, the average estimate moved up. It has risen from 32 cents during the last month. For the year, analysts are projecting profit of 91 cents per share, a swing from net loss of $2.64 last year.
Last quarter, the company reported net income of 35 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters. Analysts are projecting a rise of 11.7% in revenue from the year-earlier quarter to $581.1 million.
Competitors to Watch: Glacier Bancorp, Inc. (NASDAQ:GBCI), CoBiz Financial Inc (NASDAQ:COBZ), Wells Fargo & Company (NYSE:WFC), Community Bancorp (CBONQ), Bank of America Corp. (NYSE:BAC), First State Bancorp., NM (FSNM), U.S. Bancorp (NYSE:USB), TCF Financial Corporation (NYSE:TCB), Western Alliance Bancorporation (NYSE:WAL), and JPMorgan Chase & Co. (NYSE:JPM).
F.N.B. Corp (NYSE:FNB) will unveil its latest earnings on Monday, January 23, 2012. The average estimate of analysts is for profit of 19 cents per share, a decline of 9.5% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 9.2% versus last year to 71 cents.
The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 19 cents per share, and the previous quarter, it had profit of 18 cents. Analysts are projecting a rise of 8.6% in revenue from the year-earlier quarter to $111.2 million.
Competitors to Watch: Univest Corp. of PA (NASDAQ:UVSP), Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), National Penn Bancshares, Inc. (NASDAQ:NPBC), ACNB Corporation (NASDAQ:ACNB), Regions Financial Corp. (NYSE:RF), Wells Fargo & Company (NYSE:WFC), Pinnacle Financial Partners (NASDAQ:PNFP), M&T Bank Corporation (NYSE:MTB), VIST Financial Corp. (NASDAQ:VIST), and Old National Bancorp (NYSE:ONB).