Monday, April 13, 2009

Banks to Report First-Quarter Earnings, But Info May Be Murky

Following up on the two posts immediately below, the big news this week will be the bank's earnings. It looks as though we are setting up for the second scenario mentioned in our March 13 post "Markets: Where Do We Go From Here?".
The headline is from DealBook, the story is from the New York Post:


The world will finally get a peek into the finances of troubled US banks this week as earnings season gets under way, but recent accounting changes mean investors might not know what to make of them.

Goldman Sachs, Citigroup and JP Morgan will report their first-quarter results....
The calendar:

Goldman: Tuesday, pre-market
JPMorganChase: Thursday, 6:30 a.m. ET
Citigroup: Friday, pre-market