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:
- Goldman Sachs (GS)
- Intel (Nasdaq: INTC)
- International Business Machines (NYSE: IBM)
- Johnson & Johnson (NYSE: JNJ)
- Coca-Cola (NYSE: KO)
- Yahoo (Nasdaq: YHOO)
- eBay (Nasdaq: EBAY)
- Motorola Mobility Holdings (NYSE: MMI)
- Bank of America (NYSE: BAC)
- Microsoft (Nasdaq: MSFT)
- Morgan Stanley (NYSE: MS)
- Verizon Communications (NYSE: VZ)
- General Electric (NYSE: GE)
- McDonald’s (NYSE: MCD)