3 Big Bank Stocks in High Demand Before Earnings

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Bank of America Corp (NYSE:BAC) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for profit of 21 cents per share, a rise of more than fivefold 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 19 cents. Between one and three months ago, the average estimate moved down. It has risen from 17 cents during the last month. For the year, analysts are projecting net income of 6 cents per share, a decline of 93% from last year.

Last quarter, the company beat estimates by 8 cents, coming in at profit of 28 cents per share against an estimate of net income of. The company also topped expectations in the second quarter. Analysts are projecting a rise of 7.5% in revenue from the year-earlier quarter to $24.08 billion.

Competitors to Watch: Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), U.S. Bancorp (NYSE:USB), Goldman Sachs Group, Inc. (NYSE:GS), Barclays PLC (NYSE:BCS), Morgan Stanley (NYSE:MS), PNC Financial Services (NYSE:PNC), KeyCorp (NYSE:KEY), and American Express Company (NYSE:AXP).

BlackRock, Inc. (NYSE:BLK) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for net income of $3.04 per share, a decline of 11.1% 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 $3.31. Between one and three months ago, the average estimate moved down. It also has dropped from $3.06 during the last month. For the year, analysts are projecting profit of $11.90 per share, a rise of 8.8% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of $2.83 per share against a mean estimate of profit of $2.74 per share. Analysts are projecting a decline of 10% in revenue from the year-earlier quarter to $2.24 billion.

Competitors to Watch: Morgan Stanley (NYSE:MS), T. Rowe Price Group, Inc. (NASDAQ:TROW), American Intl. Group, Inc. (NYSE:AIG), Barclays PLC (NYSE:BCS), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), Invesco Ltd. (NYSE:IVZ), UBS AG (NYSE:UBS), Affiliated Managers Group, Inc. (NYSE:AMG), and Franklin Resources, Inc. (NYSE:BEN).

Morgan Stanley (NYSE:MS) will unveil its latest earnings on Thursday, January 19, 2012. The average estimate of analysts is for a loss of 58 cents per share, a swing from profit of 43 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 44 cents. Between one and three months ago, the average estimate moved down. It also has dropped from breaking even during the last month. For the year, analysts are projecting net income of 72 cents per share, a decline of 70.5% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 80 cents, reporting profit of $1.14 per share against a mean estimate of net income of 34 cents per share. Analysts are projecting a decline of 28.7% in revenue from the year-earlier quarter to $5.57 billion.

Competitors to Watch: Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Deutsche Bank AG (NYSE:DB), UBS AG (NYSE:UBS), Mitsubishi UFJ Financial Group Inc (NYSE:MTU), Piper Jaffray Companies (NYSE:PJC), Jefferies Group, Inc. (NYSE:JEF), and General Electric Company (NYSE:GE).

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