Earnings for Most Major Banks Forecast Up in 2008
A recent post reported that every major U.S. commercial bank was profitable last year. An anonymous commenter reported some 2008 earnings per share (EPS) estimates for some of the banks listed in the post. That comment inspired the table above (click to enlarge), which shows 2007 EPS (actual) and 2008 EPS estimates for 17 of the largest U.S. commercial and investment banks.Conclusions:
1. Merrill Lynch is the only major investment bank to report negative earnings in 2007, and all other banks above were profitable last year. For 2008, $5.22 EPS is forecast for Merrill Lynch.
2. For 2008, all 17 banks are expected to be profitable, and EPS for 12 out of 17 banks are expected to increase from 2007.
EPS Source: Yahoo! Finance
1 Comments:
Sorry, can't buy it. The last quarter of 2007 and the fears for 2008 do not give me yet reason to hope for the "up in 2008" Call me a pessimist.
And with the "subprime debacle" dare I say, hard times are a comin,
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