ThinkstockA new earnings reporting season kicks off this week, with the big banks and a few other companies leading the way. Although coronavirus concerns have been minimized as the broad markets have stabilized, there still will be an impact on these reports.
Banks will be central in leading the economic recovery, through small business lending, among other things. The numbers that these institutions post will be an important barometer for what comes next.
24/7 Wall St. has put together a preview of some of the major companies kicking off the new earnings reporting season.
Citigroup Inc. (NYSE: C) is expected to reveal its third-quarter results on Tuesday before the open. The consensus estimates call for $0.90 in earnings per share (EPS), as well as $17.17 billion in revenue. Citigroup stock recently has been trading near $45 a share. The consensus price target is $65.36. The stock has a 52-week