IN & OUT INVESTING: Next Week Big Banks Report (BAC, C, JPM, GS)

JPMorgan Chase (NYSE:JPM) will be the first big bank to report earings next week starting Wednesday morning (Oct 14th), followed by Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS) on Thursday and Bank of America (NYSE:BAC).
Get ready to get IN and OUT Masters as traders play these mammoth financial institutions.

Analysts on average expect JPMorgan (JPM) to lead the sector, with average estimates putting its expected earnings at 49 cents a share. A year ago, the New York-based bank reported earnings of 11 cents a share.

Bank of America (BAC) is expected to report a loss of about 6 cents a share, weighed down by $425 million in charges to cancel a government guarantee of high-risk assets and its large residential mortgage portfolio.

Goldman Sachs Group (GS) is scheduled to report its third quarter financial results on Thursday, October 15. Analysts' estimates for the quarter ending September 2009 range from a low of $3.82 to a high of $4.75, with a consensus of $4.237.

Citigroup Reports on Thursday: How Much Will they Lose?
Citigroup Inc. (NYSE:C) is reporting Q3 2009 earnings on Thursday (Oct 15th) and Wall Street is expecting the 34% U.S. Government Owned Financial Giant to report a loss of 22 Cents per share,  could it be worse?

Last quarter, credit losses climbed 81% to $12.4 billion and showed further deterioration from the $10.3 billion recorded in the first quarter. While Citi's stock has soared since dropping below $1 in March, the stock has been treading water since August as consumers remain concerned over future credit losses. iStockAnalyst.com believes Citi shares will likely remain below $5 until there is clear evidence that these credit losses are abating.

Keep Reading about Citigroup - Click Here>>