Financial Firms Geared Up for Q2'10 Earnings Season

Goldman Sachs (GS) should report earnings per share of $2.20 on $4.93 billion in sales compared with $4.93 in earnings per share on $13.76 billion in revenue last year in the second quarter.

On Wednesday, July 21, four companies report their second-quarter results.

Asset-manager Blackrock (BLK) is estimated to report $2.31 in earnings per share vs. $1.75 a year ago. Piper Jaffray's (PJC) earnings estimate is $0.51 on $132 million in sales vs. $0.59 last year for the same period.

Raymond James Financial (RJF) – with 4.500 advisors – could report $0.48 per share on sales of $734.5 million. Last year's same-quarter earnings were $0.36, while sales were $624.8 million.

And Wells Fargo (WFC), with 15,000 registered representatives, is expected to earn $0.48 on $21.38 billion vs. $0.57 last year, when sales were $22.51 billion.

Penson Worldwide (PNSN) is expected to share its second-quarter performance on Thursday, July 22. Analysts estimate is should earn $0.05, down from $0.24 in the same year-ago period.

The following week, UBS (UBS) reports its earning early in Europe on Tuesday, July 27. Analysts anticipate it should earn $0.22 per share on $6.78 billion in sales vs. a loss of $0.24 per share in the second quarter of 2009.

Fiserv (FISV) reports on July 27, as well. Its expected earnings are $0.97, up from $0.90 last year.

On Wednesday, July 28, Ameriprise Financial (AMP) – with 11,800 advisors — is expected to report earnings of $0.81 late in the day, a big jump from $0.41 last year in the same quarter. And Symetra Financial (SYA), analysts anticipate, could have earnings of $0.34 per share on $458.4 million in sales.

Rounding out the month is Genworth Financial (GNW), expected to report earnings per share on Thursday, July 29, of $0.28 on sales of $2.59 billion vs. earnings of $0.02 in the same year-ago period.