Goldman Sachs, Citigroup, Bank Of America: Retail Sentiment Brightens For Big Bank Stocks Ahead Of Q3 Earnings

Bank earnings kicked-off on Friday with JPMorgan, Wells Fargo and BNY Mellon reporting strong third-quarter results. This week, investors are eyeing quarterly earnings from some of the largest banks in the U.S. that include Goldman Sachs, Citigroup Inc and Bank of America. Here’s a preview of their earnings:

Goldman Sachs (GS): The bank is expected to report revenue of $11.757 billion during the quarter, slightly higher than the $11.13 billion it reported in the same quarter a year ago. Analysts estimate earnings per share of $7.31 versus $5.52 reported last year.

On Monday morning, retail sentiment on Stocktwits climbed into the ‘extremely bullish’ territory (84/100) from ‘bullish’ a day ago.

Citigroup (C): Citigroup is expected to report revenue of $19.825 billion during the quarter compared to $19.268 billion posted in the same period a year ago. EPS is expected to come in at $1.31 versus $1.22 last year.

Ahead of the earnings report, retail sentiment on Stocktwits continued to trend in the ‘bullish’ territory, accompanied by ‘high’ message volumes.

Bank of America (BAC): The firm has been in focus lately after Warren Buffett’s Berkshire Hathaway reduced its stake in the lender below 10%. The bank is expected to report revenue of $25.23 billion compared to $25.07 billion in the same period a year ago. Analysts expect EPS to come in at $0.78 versus $0.81 in the same quarter a year ago.

Meanwhile, retail sentiment on Stocktwits jumped into the ‘bullish’ territory (68/100) from ‘bearish’ a day ago, accompanied by high retail chatter.

Also See: JPMorgan Chase Stock In Focus After Multiple Price Target Hikes: Retail Turns Extremely Bullish

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