Home / Daily Dose / The Week Ahead: Focus on Q1 Earnings
Print This Post Print This Post

The Week Ahead: Focus on Q1 Earnings

On Monday Citigroup, Goldman Sachs, and Charles Schwab will announce their Q1 2019 earnings. These will be followed by Bank of America's Q1 earnings announcement on Tuesday, April 16. These earnings announcements follow the ones made by JPMorgan Chase and Wells Fargo on Friday.

In Q4, Citigroup reported a net income of $4.3 billion on revenues of $17.1 billion. This compared to a net loss of $18.9 billion on revenues of $17.5 billion in Q4 2017. Excluding mortgage, its Retail Banking revenues increased 5%, driven by continued growth in deposit spreads, partially offset by lower deposit volumes.

Goldman Sachs had reported net revenues of $8.08 billion and net earnings were $2.54 billion for Q4. The bank had said that its Net revenues in interest rate products and mortgages were slightly lower, while net revenues in credit products were essentially unchanged during the year, while they remained unchanged during Q4.

Charles Schwab had announced that its net income for Q4 2018 was $935 million, up 57% from $597 million for the Q4 2017. While Bank of America does not announce its mortgage lending revenue separately, it reported quarterly earnings of $7.3 billion in Q4.

Here's what else is in store in the week ahead:

  • NAHB Housing Market Index, Tuesday, 10 a.m. EST
  • MBA Mortgage Apps, Wednesday, 7 a.m. EST
  • Fed Beige Book, Wednesday, 2 p.m. EST
  • Freddie Mac Primary Mortgage Market Survey, Thursday 10 a.m. EST
  • CoreLogic LoanSafe Training Webinars, Thursday, 2 p.m. EST
  • Census Bureau Housing Starts report, Friday, 8:30 a.m. EST

About Author: Radhika Ojha

Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
x

Check Also

The Industry Pulse: Updates on CoreLogic, Ellie Mae, and More

From new leadership to new tech and partnerships, get the latest industry buzz in this update.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.