The end of this week sees another big 3 finance houses reporting quarterly earnings
American Express [AMEX] - reporting on Thursday
Earnings estimates at $1.36 EPS and $8.22 billion in revenue.
Previous for last quarter 2014 diluted earnings per share (EPS) of $1.21, with revenue of $9.1 billion.
Consensus analyst price target of $89.00 with a 52-week trading range at $77.12 to $96.24.
Having tumbled 15% in market share value from the start of the year, AMEX [American Express] will fall back on a healthy growth in loans and stable credit. Though AMEX lost their relationship with retail conglomerate Costco after 16 years, the credit company recently announced the first U.S.-based coalition loyalty program that will include AT&T, ExxonMobil, Macy's, Nationwide, Rite Aid, Direct Energy and Hulu.
Shares on Tuesday after hours were up by 0.16% at $79.27.
CitiGroup - reporting on Thursday
Estimated EPS at $1.39 on $19.81 billion in revenue.
Previous for last quarter 2014 diluted earnings per share (EPS) of $2.20, with revenue of $15.67 billion.
Consensus price target is $61.68 with a 52-week trading range is $45.18 to $56.95.
One of the cheapest big banks on the market currently, CitiGroup is seen to be tightening the earnings per share due to large legal liabilities. However, the bank is due for a shakeup and following the retirement of Manuel Medina-Mora, a restructuring is about to take place with Stephen Bird, currently CEO of Asia Pacific, to lead Global Consumer Banking.
Having recovered from a dip in market price this year, CitiGroup shares sit at $52.57 on Tuesday up 0.44% after hours.
Goldman Sachs - reporting on Thursday
Estimates are for EPS of $4.21 and revenue of $9.28 billion.
Previous reports for last quarter 2014 were diluted earnings per share (EPS) of $4.38, with revenue of $7.69 billion.
Consensus price target at $198.36.
Having been on a general upward trend for the past 3 years, Goldman Sachs [GoldmnSachs] is currently pushing a record level at market of $195.3. With eyes on the bank and specifically the benefits it may have gained from trading professional investments on extremely volatile markets in 2015, the EPS value will seem attractive, hence the positive estimates on earnings.
MT4 chart: AMEX
MT4 chart: CitiGroup
MT4 chart: GoldmnSachs
Trade stock CFDs on STOCK.com with full training given to all clients