15 Jul 2013
Flash: US earnings watch, banks in focus – Deutsche Bank
FXstreet.com (New York) - In the United States, we get our first full week of US Q2 earnings this week, which began with Citigroup’s announcement at the market opening today, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
According to the Analysts, “It will be interesting to hear whether some of the themes from JPMorgan’s earnings last Friday will resurface in Citigroup’s results, namely strong capital markets and investment banking revenues offset by a drag from lower mortgage demand and sluggish net interest income margins.”
Across the rest of the week, earnings from the other investment banks and corporate bellwethers will be worth watching out for. Keep an eye out also for earnings from Goldman Sachs tomorrow, BofA & Intel on Wednesday, Google & Morgan Stanley on Thursday and corporate giant GE on Friday.
According to the Analysts, “It will be interesting to hear whether some of the themes from JPMorgan’s earnings last Friday will resurface in Citigroup’s results, namely strong capital markets and investment banking revenues offset by a drag from lower mortgage demand and sluggish net interest income margins.”
Across the rest of the week, earnings from the other investment banks and corporate bellwethers will be worth watching out for. Keep an eye out also for earnings from Goldman Sachs tomorrow, BofA & Intel on Wednesday, Google & Morgan Stanley on Thursday and corporate giant GE on Friday.