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Earnings Preview: Banks, Techs, And Healthcare Report

By: ETFdb
The second quarter earnings season is well on its way and this week will be jam packed with yet another round of reports. Last week, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share, but still slightly higher than Wall Street estimates. On Friday, JPMorgan (JPM) reported second quarter earnings rising 31%, while Wells Fargo & Co. (WFC) net income surged 19% [see 25 Wild ETF Charts From 1H 2013]. Below, we highlight the earnings lineup for the week ahead: A Big Week For Big Banks Investors should keep a close eye on financials and banking ETFs as several bellwethers post their second quarter results: Charles Schwab (SCHW): On Tuesday, this investment bank is expected to post earnings at $0.19 per share and quarterly revenues at $1.3 billion. Goldman Sachs Group (GS): This bellwether is expected [...] Click here to read the original article on ETFdb.com. Related Posts: 3 Sector Rotation Strategies ETF Investors Must Know 12 Cheap ETFs Every Trader Must Know The Most Tradable Stock In Each Sector SPDR ETF Which Sector ETFs Are Cheap? AdvisorShares Rolls Out SectorSAM ETF (SSAM)
The second quarter earnings season is well on its way and this week will be jam packed with yet another round of reports. Last week, aluminum giant Alcoa (AA) reported a $119 million second quarter loss due to weak aluminum prices, putting the bellwether’s EPS at a mere 7 cents per share, but still slightly higher than Wall Street estimates. On Friday, JPMorgan (JPM) reported second quarter earnings rising 31%, while Wells Fargo & Co. (WFC) net income surged 19% [see 25 Wild ETF Charts From 1H 2013].  Below, we highlight the earnings lineup for the week ahead: A Big Week For Big Banks Investors should keep a close eye on financials and banking ETFs as several bellwethers post their second quarter results: Charles Schwab (SCHW): On Tuesday, this investment bank is expected to post earnings at $0.19 per share and quarterly revenues at $1.3 billion. Goldman Sachs Group (GS): This bellwether is expected [...]

Click here to read the original article on ETFdb.com.

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