Citigroup (NYSE: C) reported a 30% jump in its first-quarter profits this morning, getting a busy earnings week off to a flying start.
Citigroup, the third big bank to report earnings this season, reported net income of $3.8 billion, or $1.23 a share. Revenue was up 3% from a year ago and 12% from the fourth quarter; operating expenses declined 3% from the fourth quarter; and revenue from investment banking increased 8% from a year ago.
The strong earnings pushed Citigroup shares up 2.7% in early trading.
Other big-name companies reporting this week will hope to keep Citigroup’s momentum going. And there are plenty of blue chippers reporting earnings this week – including the remaining three big banks.
Here’s who else reports in what will be a very busy earnings week:
Tuesday
Goldman Sachs (NYSE: GS)
Intel (NASDAQ: INTC)
Johnson & Johnson (NYSE: JNJ)
Coca-Cola (NYSE: KO)
Yahoo! (NASDAQ: YHOO)
Wednesday
Bank of America (NYSE: BAC)
eBay (NASDAQ: EBAY)
Thursday
Chipotle (NYSE: CMG)
Google (NASDAQ: GOOG)
IBM (NYSE: IBM)
Microsoft (NASDAQ: MSFT)
Morgan Stanley (NYSE: MS)
Pepsi (NYSE: PEP)
Philip Morris (NYSE: PM)
Verizon (NYSE: VZ)
Friday
General Electric (NYSE: GE)
McDonald’s (NYSE: MCD)
Under Armour (NYSE: UA)