Wells Fargo, Citigroup and Goldman Sachs Earnings Expectations in Week Ahead

Wells Fargo & Company (NYSE:WFC) will unveil its latest earnings on Tuesday, January 17, 2012. The average estimate of analysts is for profit of 72 cents per share, a rise of 18% 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 24.3% versus last year to $2.81.

The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the second quarter, the company fell in line with expecations by reporting net income of 72 cents per share last quarter. Analysts are projecting a decline of 6.6% in revenue from the year-earlier quarter to $20.08 billion.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), U.S. Bancorp (NYSE:USB), PNC Financial Services (NYSE:PNC), SunTrust Banks, Inc. (NYSE:STI), KeyCorp (NYSE:KEY), Goldman Sachs Group, Inc. (NYSE:GS), Regions Financial Corp. (NYSE:RF), and Morgan Stanley (NYSE:MS).

Citigroup, Inc. (NYSE:C) will unveil its latest earnings on Tuesday, January 17, 2012. The average estimate of analysts is for net income of 67 cents per share, a rise of 67.5% 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 89 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 76 cents during the last month. For the year, analysts are projecting profit of $3.95 per share, a rise of 12.9% from last year.

Last quarter, the company reported net income of $1.23 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 1.1% in revenue from the year-earlier quarter to $18.57 billion.

Competitors to Watch: Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), Barclays PLC (NYSE:BCS), Goldman Sachs Group, Inc. (NYSE:GS), U.S. Bancorp (NYSE:USB), UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Royal Bank of Scotland Group plc (NYSE:RBS).

Goldman Sachs Group, Inc. (NYSE:GS) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of $1.73 per share, a decline of 54.4% 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 $3.14. Between one and three months ago, the average estimate moved down. It also has dropped from $2.74 during the last month. Analysts are projecting profit to rise by 68.7% versus last year to $4.77.

Last quarter, the company missed estimates by 78 cents, coming in at a loss of 84 cents per share against an estimate of net loss of. In the second quarter, the company also missed expectations. Analysts are projecting a decline of 23% in revenue from the year-earlier quarter to $6.65 billion.

Competitors to Watch: Morgan Stanley (NYSE:MS), JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), UBS AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), Wells Fargo & Company (NYSE:WFC), Credit Suisse Group AG (NYSE:CS), and Piper Jaffray Companies (NYSE:PJC).

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