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U.S. Week Ahead: Banking on BofA boss Brian Moynihan

Friday, April 12, 2013 - 02:26

Apr 12 - Expectations are high that Bank of America's comeback will show more signs of strength when it reports earnings on Wednesday.

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There are over 77. The company in the S&P 500 coming out with results. Overwhelmed by you do the numbers. -- financials that's been the strongest sector this quarter with profits expected to grow by 11% according to the latest Thomson Reuters dot. Investors will hear from Citi Goldman Sachs Bank of America Morgan Stanley. It looks like all that believable report improved figures from a year ago that are breaking news teams doesn't anyone who watches. Bank of America. Tremendous momentum last year for Bank of America Brian like the -- Finally kind of turn you have made a turn for the better granite state that's gonna continue this year we also have the stress tests showed that. BankAmerica was really well positioned for stress on our. So again I think that's -- up a certain amount of expectations. That maybe finally thank America is gonna turn a corner and a lot of the legacies behind. Then there's consumer discretionary expected to be the second strongest sector -- earnings to rise by 8%. The key company is McDonald's profits are set to -- from a year ago Wall Street will focus on what CEO Don Thompson says about US restaurant sales. You're flying February as Americans cut back on eating out because of tax hikes. And Morgan Stanley analysts say sales could rebound 21% in March thanks in part -- companies don't make you. -- -- up only 4%. Severely underperforming picked out. And finally there is tag expected to be the second weakest sector with earnings to fall like almost 4%. On the car Intel and Yahoo! eBay Google and Microsoft. She will be Google. Attention to what boss Larry King does -- cost per click. -- advertisers pay Google. RBC capital markets say it should get better after last quarter 6% why Google soaring nearly 25%. In the last year severely outperforming the NASDAQ. Earlier tech news birdie every day on -- here. Well on Twitter at greater than -- get more of our video that Reuters dot com slash writers TV. Don't miss our interview with incoming Bank of England chief Mark Carney. Down with Reuters additional editor Christopher reeling on Thursday. So -- asked him likes to have the European debt crisis on his doorstep and what it'll take to turn around the Euro zone sports. I'm -- this is --

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U.S. Week Ahead: Banking on BofA boss Brian Moynihan

Friday, April 12, 2013 - 02:26