Coming Week: Only Four Trading Days Starting with Apple and Citigroup

NYSE Floor - Traders

Next week the market is closed on Monday (Jan 17th) and get ready for more of earnings season, we hear from Apple Inc. (NASDAQ:AAPL), Bank of America (NYSE:BAC), and on Tuesday prepare for Citigroup's (NYSE:C) Q4 2010 call at the open.

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Citigroup (C) starts off next week's trading session with its Q4 2010 earnings release, they will report before the market opens.  Citi is expected to report EPS of $0.08 on revs of $20.50 billion. Last quarter Citigroup reported EPS of $0.08 with revenues of $20.74 billion, mixed to the consensus estimates. Keep in mind Citi procured a loss per share of 6 cents, ex-items, with revs of $11.7 billion.  Citigroup shares held the $5 level today and closed at $5.13, up 1.79%.

Apple (NASDAQ:AAPL) shares closed today at a new 52-Week high of $348.48, they also report on Tuesday and expectations are high.  The Street is looking for Apple Inc. to rake in $24.34 billion in revenue in Q4.  If you listen to Goldman Sachs (GS), which we do, keep in mind the firm has a "Buy" rating on Apple (AAPL) shares along with a $430 price target.

More on the week ahead thanks to CNBC.com:


SOURCES; http://www.streetinsider.com/Earnings/Q4+Preview%3A+Citigroup+(C)+CEO+Pandit+All+Smiles+Heading+into+Earnings/6217351.html

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