Citigroup and Bank of America Among Key Stocks to Watch as Earnings Reports Approach

Investors are monitoring key stocks as U.S. stock futures dip on Friday morning, with earnings reports on the horizon. Notably, Bank of America Corporation (BAC) is anticipated to reveal earnings of 63 cents per share and a revenue of $23.74 billion before the market opens. Following the after-hours trading session, Bank of America's shares saw a slight decline by 0.4%, sitting at $33.03.

Earnings Forecasts and After-Hour Movements

Flexsteel Industries, Inc. (FLXS) announced preliminary second-quarter results that exceeded expectations, with earnings of 57 cents per share compared to the forecasted 27 cents. The company also reported projected revenue surpassing estimates at $100.1 million. Furthermore, Flexsteel shared its financial outlook for the rest of fiscal year 2024 and the entirety of fiscal year 2025. This positive news prompted a 26.9% jump in Flexsteel's shares to $22.87 during after-hours trading.

Market analysts are eyeing JPMorgan Chase & Co. (JPM) with the expectation of earnings at $3.36 per share on a $39.78 billion revenue for the latest quarter. JPMorgan is set to publish its earnings prior to the market's open, although its shares also fell by 0.4% to $169.69 in the after-hours trading period.

New Leadership and Projected Earnings

SeaStar Medical Holding Corporation (ICU) recently announced the appointment of David A. Green as CFO, effective from January 10, 2024. Following the announcement, SeaStar Medical's shares experienced a 1% increase, reaching $0.5164 after hours.

Meanwhile, analysts foresee Citigroup Inc. (C) posting quarterly earnings at 79 cents per share with expected revenue of $18.76 billion before the day kicks off. Citigroup's shares declined by 0.3% to $51.95 following the after-hour trades.

Citigroup, BankofAmerica, Earnings