Friday, January 22, 2021 Back to the grind of Q4 earnings season this morning, with next week set to ramp-up even stronger with the total amount of companies and marquee names reporting for Q4. Most of the big banks have already posted for Q4; this morning — aside from a slight miss from Kansas City Southern ( and a slight beat from KSU Quick Quote KSU - Free Report) Schlumberger ( — we see a large share of Regional Banks reporting quarterly earnings. There isn’t time here to account for them all, so we’ll stick with just those carrying a Zacks Rank #1 (Strong Buy) into the morning’s report. SLB Quick Quote SLB - Free Report) Headquartered in Sandy, UT and founded in 2009, Ally Bank ( easily outperformed estimates on both top and bottom lines: $1.60 per share was well in front of the $1.05 expected and $0.95 reported a year ago, on $1.98 billion in revenues which outpaced the $1.65 billion estimate and $1.64 billion in the year-ago quarter. This amounts to a 52.4% positive earnings surprise, and the bank’s third-straight earnings beat. ALLY Quick Quote ALLY - Free Report) For more on ALLY’s earnings, click here. Honolulu-based First Hawaiian Bank ( posted 50 cents per share versus 42 cents in the Zacks consensus for its Q4 earnings report. Revenues of $188.83 million propelled past estimates of $181.24 million, and topped the year-ago revenue actual of $186.33 million. The oldest financial institution of the Hawaiian Islands, founded in 1858, has now posted two straight earnings beats after two straight misses prior. FHB Quick Quote FHB - Free Report) For more on FHB’s earnings, click here. Huntington Bancshares (, founded in 1866 by renowned capitalist from central Ohio, P.W. Huntington, missed estimates on both top and bottom lines in its Q4 report: 27 cents per share was below the 30 cents in the Zacks consensus and 28 cents reported in the year-ago quarter, and $1.24 billion in quarterly revenues came up 0.86% short of expectations. This marks the bank’s second miss in the last four quarters. After having gained 15% year to date, shares are down 2.5% in today’s pre-market. HBAN Quick Quote HBAN - Free Report) For more on HBAN’s earnings, click here. Big names are hitting the Q4 earnings tape next week, with Microsoft (, MSFT Quick Quote MSFT - Free Report) Johnson & Johnson (and JNJ Quick Quote JNJ - Free Report) Novartis ( reporting Tuesday, NVS Quick Quote NVS - Free Report) Apple (, AAPL Quick Quote AAPL - Free Report) Tesla (and TSLA Quick Quote TSLA - Free Report) Facebook (Wednesday. This morning, major indexes are skimming profits across the board, down from fresh all-time highs reached in recent trading days. FB Quick Quote FB - Free Report) Questions or comments about this article and/or its author? Click here>> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
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