The 5 Biggest Financial Earnings Serious Investors Must Analyze Now

Citigroup, Inc. (NYSE:C) missed Wall Street’s profit estimate, AND came up short on beating the revenue expectation. Net income increased 25.52% to $1.2 billion (38 cents per diluted share) in the quarter versus a net gain of $956 million in the year-earlier quarter. Revenue decreased 19.1% to $18.7 billion from the year-earlier quarter.

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Citigroup, Inc. reported adjusted net income of 38 cents per share. By that measure, the company missed the mean analyst estimate of $0.96. It missed the average revenue estimate of $18.82 billion.

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Bank of America Corporation (NYSE:BAC) delivered a profit in its latest quarterly report, the bank saw double-digit percentage declines year-over-year on both the top-line and both-line. Net income decreased -64.84% to $700 million (3 cents per diluted share) in the quarter versus a net gain of $1.99 billion in the year-earlier quarter. Revenue decreased 23.86% to $22.6 billion from the year-earlier quarter.

Bank of America Corporation reported adjusted net income of 3 cents per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $21.03 billion.

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JPMorgan Chase & Co. (NYSE:JPM) reported double-digit quarterly profit growth and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 52.63% to $5.69 billion ($1.39 per diluted share) in the quarter versus a net gain of $3.73 billion in the year-earlier quarter. Revenue rose 10% to $23.65 billion from the year-earlier quarter.

JPMorgan Chase & Co. reported adjusted net income of $1.39 per share. By that measure, the company beat the mean analyst estimate of $1.16. It missed the average revenue estimate of $24.42 billion.

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The Goldman Sachs Group, Inc. (NYSE:GS) delivered a profit and exceeded Wall Street’s expectations on both net income and revenue. Net income increased 179.37% to $2.83 billion ($5.6 per diluted share) in the quarter versus a net gain of $1.01 billion in the year-earlier quarter. Revenue rose 15.27% to $9.24 billion from the year-earlier quarter.

The Goldman Sachs Group, Inc. reported adjusted net income of $5.6 per share. By that measure, the company beat the mean analyst estimate of $3.78. It beat the average revenue estimate of $7.91 billion.

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BlackRock, Inc. (NYSE:BLK) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 24.32% to $690 million ($3.93 per diluted share) in the quarter versus a net gain of $555 million in the year-earlier quarter. Revenue rose 11.75% to $2.54 billion from the year-earlier quarter.

BlackRock, Inc. reported adjusted net income of $3.93 per share. By that measure, the company beat the mean analyst estimate of $3.73. It beat the average revenue estimate of $2.49 billion.

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Investing Insights: Which Way Is Citigroup Heading?