Citigroup (C) Kicks Off Busy Earnings Week

Markets
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Citigroup (NYSE: C) kicked off the first full week of earnings season with relatively disappointing numbers this morning.

The big bank’s revenue of $2.9 billion was virtually flat compared to the first quarter of 2011, while sales fell. However, Citigroup’s earnings of $1.11 per share beat consensus analyst forecasts of only $1.00 per share.

The earnings beat was enough to send the stock up 2.5% in early trading today. Citigroup is the third big bank to report first-quarter 2012 earnings; JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) reported earnings last Friday, both beating analyst expectations.

The three other major U.S. financial institutions – Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) – report earnings this week. As our own Jason Cimpl has written repeatedly, the banks have been the market leaders of late. So this could be a pivotal week for the market.

But the big banks aren’t the only major companies slated to report earnings this week. Here is a list of some of the other noteworthy companies scheduled to report:

Tuesday

  • Goldman Sachs (GS)
  • Intel (Nasdaq: INTC)
  • International Business Machines (NYSE: IBM)
  • Johnson & Johnson (NYSE: JNJ)
  • Coca-Cola (NYSE: KO)
  • Yahoo (Nasdaq: YHOO)

Wednesday

  • eBay (Nasdaq: EBAY)
  • Motorola Mobility Holdings (NYSE: MMI)

Thursday

  • Bank of America (NYSE: BAC)
  • Microsoft (Nasdaq: MSFT)
  • Morgan Stanley (NYSE: MS)
  • Verizon Communications (NYSE: VZ)

Friday

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