3 Financial Stocks on Trading Radars Before Earnings

The Bank of New York Mellon Corp (NYSE:BK) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of 54 cents per share, a decline of 8.5% 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 56 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 54 cents during the last month. For the year, analysts are projecting net income of $2.18 per share, a decline of 8% from last year.

The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 3 cents in the second quarter, the company fell in line with expecations by reporting profit of 53 cents per share last quarter. On average, analysts predict $3.75 billion in revenue this quarter, a rise of 0.3% from the year ago quarter. Analysts are forecasting total revenue of $14.88 billion for the year, a rise of 7.9% from last year’s revenue of $13.79 billion.

Competitors to Watch: State Street Corporation (NYSE:STT), Northern Trust Corporation (NASDAQ:NTRS), SEI Investments Company (NASDAQ:SEIC), Morgan Stanley (NYSE:MS), Goldman Sachs Group, Inc. (NYSE:GS), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), United Western Bancorp, Inc. (NASDAQ:UWBK), and JPMorgan Chase & Co. (NYSE:JPM).

PNC Financial Services (NYSE:PNC) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for net income of $1.41 per share, a decline of 11.9% 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 $1.42. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.41 during the last month. For the year, analysts are projecting profit of $6.20 per share, a rise of 2.1% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting net income of $1.55 per share against a mean estimate of profit of $1.49 per share. On average, analysts predict $3.54 billion in revenue this quarter, a decline of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $14.34 billion for the year, a decline of 5.5% from last year’s revenue of $15.18 billion.

Competitors to Watch: Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), SunTrust Banks, Inc. (NYSE:STI), JPMorgan Chase & Co. (NYSE:JPM), KeyCorp (NYSE:KEY), Citigroup Inc. (NYSE:C), Regions Financial Corp. (NYSE:RF), BB&T Corporation (NYSE:BBT), First Horizon National Corp. (NYSE:FHN), and University Bancorp, Inc. (UNIB).

Northern Trust Corp (NASDAQ:NTRS) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of 68 cents per share, a rise of 15.3% 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. For the year, analysts are projecting net income of $2.64 per share, a decline of 0.4% 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 72 cents per share, and the previous quarter, it had net income of 70 cents. Analysts are projecting a rise of 7.2% in revenue from the year-earlier quarter to $971.5 million.

Competitors to Watch: State Street Corporation (NYSE:STT), The Bank of New York Mellon Corp. (NYSE:BK), SEI Investments Company (NASDAQ:SEIC), Washington Federal Inc. (NASDAQ:WFSL), Capital One Financial Corp. (NYSE:COF), Marshall & Ilsley Corp. (NYSE:MI), Bank Mutual Corporation (NASDAQ:BKMU), New York Community Bancorp, Inc. (NYSE:NYB), Flagstar Bancorp, Inc. (NYSE:FBC), and People’s United Financial, Inc. (NASDAQ:PBCT).