Merrill Lynch (MER) and Citigroup (C) are expected to report earnings (or the lack thereof) later this week. MER is expected to report on Thursday morning, while Citi is expected to report Friday morning. The current Bloomberg estimate for Merrill's Q1 '08 earnings per share is -$2.056. Citi is currently expected to report a loss of 93.3 cents per share.
Investors will also be looking at how big the writedowns are for Citi and Merrill. News reports seem to be using $12 billion as a target level for Citi's writedowns, while Merrill is at $5 billion. We want to know what Bespoke readers think they'll be. Will writedowns be more or less than the levels being thrown around in the financial world? Please take part in the two polls below, and we'll report back with the results before the two companies report.