1Q-2003
April 18, 2003, 10:08 a.m. EDT 1 Min Read
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1Q-2003
Earnings season opens April 10, when SunTrust Banks Inc. reports. American Banker, as itdoes each quarter, will carry expected release dates, along with consensus estimates astallied by Thomson First Call. The estimate is frozen at the end of the quarter* - a practicethat has drawn complaints. Some companies have argued for a later date, some for an earlier,and some for a change every time an estimate shifts. American Bankers approach ismeant to ensure that all banks, whether they report early or late, are measured against comparableexpectations.
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25 Top U.S. Bank Holding Companies Click company names for article plus links to data and announcement. | |||
1Q operating earnings per share | |||
Reported | Estimate* | Year Earlier | |
SunTrust | $1.17 | $1.16 | $1.20 |
M&T | 1.27 | 1.28 | 1.25 |
FleetBoston | 0.55 | 0.55 | 0.70 |
Citigroup | 0.79 | 0.78 | 0.67 |
BB&T | 0.70 | 0.71 | 0.66 |
Bank of America | 1.59 | 1.48 | 1.38 |
Wells Fargo | 0.88 | 0.87 | 0.80 |
Bank One | 0.71 | 0.72 | 0.67 |
Fifth Third | 0.72 | 0.72 | 0.66 |
State Street | 0.46 | 0.45 | 0.54 |
Northern Trust | 0.42 | 0.45 | 0.56 |
AmSouth | 0.44 | 0.43 | 0.40 |
Mellon | 0.38 | 0.37 | 0.47 |
U.S. Bancorp | 0.47 | 0.47 | 0.44 |
J.P. Morgan Chase | 0.69 | 0.51 | 0.57 |
Wachovia | 0.79 | 0.74 | 0.66 |
National City | 0.81 | 0.64 | 0.73 |
Bank of New York | 0.41 | 0.42 | 0.50 |
Comerica | 1.00 | 1.00 | 1.20 |
SouthTrust | 0.49 | 0.49 | 0.44 |
Charter One | 0.64 | 0.64 | 0.60 |
Regions | 0.71 | 0.70 | 0.66 |
UnionBanCal | 0.89 | 0.89 | 0.73 |
KeyCorp | 0.51 | 0.53 | 0.56 |
PNC | 0.92 | 0.93 | 1.11 |
*Final published estimate on March 31.
Source: Thomson/First Call
© 2003 American Banker