US Financial markets will be closed on Monday for a bank holiday. After that, the rest of the week has several top financial names which will be reporting Q4 earnings. The dates and the street estimates for earnings and revenue are as follows:
Tuesday: Morgan Stanley (65 cents/ $8.46 billion)
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Wednesday: Goldman Sachs ($4.74/ $7.76 billion)
Citigroup ($1.12/ $17.29 billion)
Thursday: American Express ( 98 cents/ $7.95 billion)
IBM ($4.89/ $21.70 billion)
Friday: General Electric ( 46 cents/ $33.94 billion)
With stock index prices pushing up against record highs, earnings reports will likely have to be flawless to match the market’s expectations. If any of these first-tier financial names post materially lower numbers, the risk is that the market may have gotten ahead of itself in the post-election rally.
