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Earnings From 'Too Big to Fail' Banks Key Rally

Citigroup reports its Q1 2013 quarterly results pre-market on April 15 and its EPS is estimated at $1.21 a share. Citi ($45.06) still has a buy rating and is 34.1% undervalued. The weekly chart profile is neutral with declining momentum with the stock above its five-week MMA at $44.12 and its 200-week SMA at $37.44. My annual value level lags at $33.19 with weekly and monthly risky levels at $45.80 and $49.88.

JPMorgan Chase reports its Q1 2013 quarterly results pre-market on April 12 and its EPS is estimated at $1.38 a share. JPM ($49.25) has a hold rating and is 13.2% overvalued. The weekly chart profile is neutral with declining momentum with the stock above its five-week MMA at $48.40. My annual value levels are $44.04 and $42.87 with semiannual and weekly pivots at $46.84 and $48.92 and monthly risky level at $51.83.

Wells Fargo reports its Q1 2013 quarterly results pre-market on April 12 and its EPS is estimated at 87 cents a share. WFC ($37.57) has a hold rating and is 9.7% overvalued. The weekly chart profile is positive but overbought with stock above its five-week MMA at $36.71. Monthly and annual value levels are $35.82, $34.17 and $32.82 with this week's risky level at $38.36.



At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Stock quotes in this article: BAC, C, JPM, WFC 
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

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