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Bank Earnings Preview: Week ending Oct. 14


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Bank Earnings Preview: Week ending Oct. 14

As the banking industry's third-quarterearnings season begins, SNL Financial presents a snapshot of the earningsscheduled to be reported this week.

A handfulof large and midsize U.S. banks and thrifts are scheduled to report quarterlyearnings in the week of Oct. 10. Among the highlights:

*First Republic Bankis the biggest company scheduled to report earnings before markets open Thursday,Oct. 13. The San Francisco-based company earned per share in the third quarterof 2015, and the S&P Capital IQ consensus estimate for normalized EPS forthe 2016 third quarter is 98 cents.

* Three ofthe nation's largest banks — JPMorganChase & Co., Citigroup Inc. and Wells Fargo & Co. — are expected to report earningsbefore markets open Friday, Oct. 14, and analysts' consensus estimates projectlower earnings for all three banks, year over year.

SNL Financial and S&P Capital IQ areofferings of S&P Global Market Intelligence.