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Citigroup Jumpstarts Busy Earnings Week

Chris Preston

Citigroup (NYSE: C) reported a 30% jump in its first-quarter profits this morning, getting a busy earnings week off to a flying start.

Citigroup, the third big bank to report earnings this season, reported net income of $3.8 billion, or $1.23 a share. Revenue was up 3% from a year ago and 12% from the fourth quarter; operating expenses declined 3% from the fourth quarter; and revenue from investment banking increased 8% from a year ago.

The strong earnings pushed Citigroup shares up 2.7% in early trading.

Other big-name companies reporting this week will hope to keep Citigroup’s momentum going. And there are plenty of blue chippers reporting earnings this week – including the remaining three big banks.

Here’s who else reports in what will be a very busy earnings week:

Tuesday

  • Goldman Sachs (NYSE: GS)
  • Intel (NASDAQ: INTC)
  • Johnson & Johnson (NYSE: JNJ)
  • Coca-Cola (NYSE: KO)
  • Yahoo! (NASDAQ: YHOO)

Wednesday

  • Bank of America (NYSE: BAC)
  • eBay (NASDAQ: EBAY)

Thursday

  • Chipotle (NYSE: CMG)
  • Google (NASDAQ: GOOG)
  • IBM (NYSE: IBM)
  • Microsoft (NASDAQ: MSFT)
  • Morgan Stanley (NYSE: MS)
  • Pepsi (NYSE: PEP)
  • Philip Morris (NYSE: PM)
  • Verizon (NYSE: VZ)

Friday

  • General Electric (NYSE: GE)
  • McDonald’s (NYSE: MCD)
  • Under Armour (NYSE: UA)

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