20 Dow stocks reported earnings that exceeded Wall Street’s expectations this quarter, which is a significant increase over last quarter.
While the depressed financial sector has received the majority of the headlines, financial stocks are still trading well below their 52-week highs. Meanwhile, several restaurant stocks have also posted white hot returns over the last few weeks and are now trading close to their 52-week highs.
Based on our analysis, we are expecting Citi to report disappointing results that fail to meet Wall Street’s consensus expectations.