Financials expected to post earnings declines, losses this week

JPMorgan Chase & Co. (NYSE: JPM): 44 cents EPS (-63.3%) on sales of $16.4 billion (-13.2%)
Comerica Inc. (NYSE: CMA): 51 cents EPS (-59.2%) on sales of $680.2 million (-7.3%)
Zions Bancorp. (NYSE: ZION): 75 cents EPS (-47.6%) on sales of $627.3. million (+2.7%)
Huntington Bancshares Inc. (NYSE: HBAN): 23 cents EPS (-32.4%) on sales of $617.1 million (+50.7%)
Capital One Financial Corp. (NYSE: COF): $1.31 EPS (-30.7%) on sales of $4.4 billion (+7.8%)
Wells Fargo & Co. (NYSE: WFC): 50 cents EPS (-25.4%) on sales of $10.7 billion (+7.7%)
M&T Bank Corp. (NYSE: MTB): $1.50 EPS (-23.1%) on sales of $756.6 million (+1.6%)
BB&T Corp. (NYSE: BBT): 69 cents EPS (-16.9%) on sales of $1.8 billion (+5.9%)
U.S. Bancorp (NYSE: USB): 60 cents EPS (-7.7%) on sales of $3.8 billion (+8.3%)
PNC Financial Services Group Inc. (NYSE: PNC): $1.16 EPS (-7.2%) on sales of $1.9 billion (+8.5%)

Some financial companies are expected to report that they swung to a loss in the past quarter:

CIT Group Inc. (NYSE: CIT): $3.41 per share (from $1.28 EPS) on sales of $585.7 million (-26.9%)
Merrill Lynch & Co. (NYSE: MER): $1.91 per share (from $2.24 EPS) on sales of $3.3 billion (-66.4%)
Marshall & Ilsley Corp. (NYSE: MI): $1.56 per share (from 84 cents EPS) on sales of $624.1 million (-33.6%)
Citigroup Inc. (NYSE: C): 59 cents per share (from $1.24 EPS) on sales of $17.7 billion (-33.5%)
First Horizon National Corp. (NYSE: FHN): 8 cents per share (from 17 cents EPS) on sales of $546.7 million (+5.2%)

But not all is doom and gloom. Analysts are expecting earnings growth from a few financials.

State Street Corp. (NYSE: STT): $1.36 EPS (21.3%) on sales of $2.6 billion (+34.4%)
Bank of New York Mellon Corp. (NYSE: BK): 75 cents EPS (16.0%) on sales of $3.9 billion (+9.3%)
Northern Trust Corp. (NYSE: NTRS): $1.05 EPS (12.4%) on sales of $1.0 billion (+14.4%)

Given the key role that big banks have played in the downturn of the economy, as well as frequent discouraging market news, analysts' sentiment about the sector is probably no real surprise. The important question is whether the companies above can top these expectations. A few positive surprises could go a long way toward soothing some frayed nerves. Do you think that's likely to happen?

For a more encouraging look at expectations for nonfinancial companies reporting this week, see The week in preview: Expectations as the earnings crunch begins.

Visit AOL Money & Finance for more earnings coverage.

[Updated to add Merrill Lynch.]

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