5 Major Banks Set to Report Earnings to Shareholders

Bank of America Corp (NYSE:BAC) will unveil its latest earnings on Thursday, April 19, 2012. The average estimate of analysts is for profit of 12 cents per share, a decline of 29.4% 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 18 cents. Between one and three months ago, the average estimate moved down. It has risen from 11 cents during the last month. Analysts are projecting net income of 68 cents per share versus a loss of 29 cents last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 15 cents per share versus a mean estimate of net income of 23 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 8 cents. Analysts predict a decline of 16.3% in revenue from the year-earlier quarter to $22.51 billion.

Morgan Stanley (NYSE:MS) will unveil its latest earnings on Thursday, April 19, 2012. The average estimate of analysts is for net income of 44 cents per share, a decline of 4.3% 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 48 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 46 cents during the last month. For the year, analysts are projecting profit of $1.96 per share, a rise of 55.6% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 44 cents, reporting a loss of 14 cents per share against a mean estimate of net loss of 58 cents per share. On average, analysts predict $7.33 billion in revenue this quarter, a decline of 4.1% from the year-ago quarter. Analysts are forecasting total revenue of $31.9 billion for the year, a decline of 1.5% from last year’s revenue of $32.4 billion.

Capital One Financial Corp. (NYSE:COF) will unveil its latest earnings on Thursday, April 19, 2012. The average estimate of analysts is for net income of $1.39 per share, a decline of 37.9% 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 $1.51. Between one and three months ago, the average estimate moved down. It has risen from $1.37 during the last month. Analysts are projecting profit to rise by 16.2% compared to last year’s $5.89.

Last quarter, the company missed estimates by 64 cents, coming in at profit of 89 cents per share versus a mean estimate of net income of $1.53 per share. In the third quarter of the last fiscal year, the company beat estimates by 18 cents. Analysts predict a rise of 6.9% in revenue from the year-earlier quarter to $4.36 billion.

Fifth Third Bancorp (NASDAQ:FITB) will unveil its latest earnings on Thursday, April 19, 2012. The average estimate of analysts is for profit of 37 cents per share, a rise of more than threefold 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 34 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting net income of $1.43 per share, a rise of 21.2% from last year.

Last quarter, the company missed estimates by 2 cents, coming in at profit of 33 cents per share versus a mean estimate of net income of 35 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 7 cents. On average, analysts predict $1.54 billion in revenue this quarter, a rise of 4.8% from the year-ago quarter. Analysts are forecasting total revenue of $6.14 billion for the year, a rise of 2.2% from last year’s revenue of $6.01 billion.

BB&T Corp (NYSE:BBT) will unveil its latest earnings on Thursday, April 19, 2012. The average analyst estimate is for profit of 57 cents per share, a rise of 78.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 52 cents. Between one and three months ago, the average estimate moved up. It has risen from 56 cents during the last month. For the year, analysts are projecting net income of $2.54 per share, a rise of 38.8% from last year.

Last quarter, the company beat estimates by 3 cents, coming in at profit of 55 cents a share versus the estimate of net income of 52 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 9.8% in revenue from the year-earlier quarter to $2.24 billion.