Earnings season 2017: POST forecast for Citigroup and Goldman SachsStaff Writer | January 18, 2017
Two big banks, Citigroup and Goldman Sachs, are continuing the current earnings season. They will in large part set the tone for investors and shareholders.
Earnings season The rebound in oil prices and consumer banking
The rebound in oil prices and consumer banking that is showing strength is good news for banks, Citigroup among them.
Company's interest rate sensitivity is among the lowest, net interest income makes up 60% of its total income and share repurchase plans worth $1.8 billion got approval.
All that points to a good result and POST expects EPS to be $1.14 on revenue $17.10 billion
Goldman Sachs' stock outperformed other banks since the election of Donald Trump although it wasn't among the very top performers earlier.
Its stock is not expensive but maybe investors' expectations are set a bit too high. The bank is stable internally, without shares purchases from the inside. POST expects EPS to be $5.00 on revenue $7.5 billion. ■