Fourth-quarter earnings season is getting underway and U.S. financial institutions will be reporting operational results within the next couple of weeks. Seeing that the Federal Reserve hiked rates in December it will be interesting to see how the banks, including the names on our list, will adjust to a changing interest rate environment.
JPMorgan Chase & Co. (NYSE: JPM) – $58.96
JPMorgan Chase & Co. is a financial holding company that is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase’s activities are organized into four business segments: Consumer & Community Banking, Corporate & Investment Banking, Commercial Banking, and Asset Management.
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Market Cap: $216,560,864,781
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Interest Income (LTM): $50,769,000,000
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EPS – Mean Analyst Estimate (Q4/2015): $1.27
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Expected Report Date: 01/14/2016
U.S. Bancorp (NYSE: USB) – $40.62
U.S. Bancorp is a multi-state financial services holding company that operates through its banking subsidiary, U.S. Bank National Association, and is engaged in the general banking business in domestic markets. The Company provides a range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machines (ATM) processing, mortgage banking, insurance, brokerage and leasing.
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Market Cap: $69,722,197,691
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Interest Income (LTM): $12,348,000,000
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EPS – Mean Analyst Estimate (Q4/2015): $0.79
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Expected Report Date: 01/15/2016
Wells Fargo & Co (NYSE: WFC) – $51.36
Banks
Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking, Wholesale Banking, and Wealth and Brokerage and Retirement.
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Market Cap: $255,850,345,556
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Interest Income (LTM): $48,817,000,000
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EPS – Mean Analyst Estimate (Q4/2015): $1.02
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Expected Report Date: 01/15/2016
Citigroup Inc. (NYSE: C) – $46.88
Banks
Citigroup Inc. (Citi) is a financial services holding company, whose businesses provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services, and wealth management. The Company operates through two primary business segments: Citicorp and Citi Holdings.
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Market Cap: $139,565,703,051
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Interest Income (LTM): $59,447,000,000
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EPS – Mean Analyst Estimate (Q4/2015): $1.06
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Expected Report Date: 01/15/2016
Bank of America Corp. (NYSE: BAC) – $15.31
Banks
Bank of America Corporation is a bank holding as well as a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking; Consumer Real Estate Services; Global Wealth & Investment Management; Global Banking; and Global Markets.
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Market Cap: $159,415,063,763
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Interest Income (LTM): $49,254,000,000
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EPS – Mean Analyst Estimate (Q4/2015): $0.26
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Expected Report Date: 01/19/2016
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