While the bulk of second-quarter 2010 earnings were released in July, a number of financial companies plan to report their latest results in the first week of August. Here are analysts’ estimates for earnings yet to come from banks, insurers and other financial companies.
On Monday, August 2, AllianceBernstein Holding (AB) is expected to report earnings at 7 a.m. Eastern Standard Time. AB’s earnings per share are anticipated to be $0.45 in the second quarter compared to EPS of $0.41 a year ago on estimated revenue of $715.9 million, down 0.8% from $721.4 a year ago.
National mortgage lender Fannie Mae (FNMA.OB) also is scheduled to report earnings on August 2. Fannie Mae’s earnings per share are expected to be down $4.47 compared to second-quarter 2009 on $3.3 billion in revenue, a 32% drop in sales growth. Quarterly EPS in March was down $2.29.
Principal Financial Group (PFG) also will release its quarterly earnings report on August 2. The company is anticipated to report earnings of $0.66 versus actual EPS of $0.69 in the same period last year. Revenue could be $2.38 billion, analysts say, with sales growth at 2.0%.
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On Wednesday, August 4, three insurance companies, Hartford Financial Services (HIG), Prudential (PRU), and Sun Life Financial (SLF) are scheduled to report earnings after market close.