16 April Watchlist 👀

by 16 Apr, 2019

Today we are watching…

1.  BlackRock (#blckrck)

US investment manager, BlackRock, is looking good ahead of its earnings announcement today. Analysts have been revising their estimates upwards in the lead up to today, despite the stock slightly under-performing the industry average. The company has remained a dominant player in the exchange traded funds (ETF) space, which looks poised to grow going forward as investors move towards lower management costs. However, advisory, administration and performance fees are likely to decline which may cause a drag on the company’s performance. The consensus EPS estimate is $6.13 (-8.15%) on revenue of $3.3bn (-7.8%).

2. Bank of America (#bankamer)

BAML is set to post its earnings today and much like its predecessors, Citi and Goldman, is looking weak on the investment banking front which may put a dampener on revenue. Higher interest rates and the government shutdown have thrown a spanner in the works for the big banks’ underwriting and debt issuance services. Nevertheless, decent loan growth could allow BAML to hold its head above water for this report. We’ll have to wait and see. The consensus EPS estimate is $0.66 (+6.5%) on revenue of $23.24bn (+0.6%)

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