Earnings Watch For January 17 (BK, GE, MS, SLB, STI)

(RTTNews) - Diversified conglomerate General Electric Co. (GE) is expected to report fourth quarter results before the markets open. The Fairfield, Connecticut-based company is expected to report earnings of $0.53 per share, higher than the prior year's $0.44 per share. Further, the company is anticipated to generate revenues of $40.22 billion, an increase from $39.33 billion reported a year ago. The shares of GE closed Thursday's trade at $27.20. (52-wk H/L $28.09/$21.11)

The Bank of New York Mellon Corp., or BNY Mellon (BK) is slated to report fourth quarter results before the start of trading. The bank is expected to post earnings of $0.54 per share, up slightly from year-ago quarter's $0.53 per share. Revenues are anticipated to increase to $3.72 billion from $3.64 billion in the prior-year quarter. The company's shares closed Thursday's session at $33.92. (52-wk H/L $35.66/$26.11)

Schlumberger Ltd. (SLB) is due to report its fourth quarter results. The oilfield services company's earnings are projected to rise to $1.37 per share from $1.08 per share reported last year, while quarterly revenues are anticipated to increase to $12.08 billion from last year's $11.17 billion. The company's shares closed Thursday's trade at $88.61. (52-wk H/L $94.91/$69.08)

Investment bank Morgan Stanley (MS) is slated to report fourth quarter results before the opening bell. The company is expected to post earnings of $0.45 per share, flat with last year. Revenues are anticipated to grow to $8.01 billion from $7.48 billion reported a year earlier. The shares closed Thursday at $32.00. (52-wk H/L $32.24/$20.16)

SunTrust Banks, Inc. (STI), a diversified financial services holding company, is scheduled to report results for the fourth quarter. The earnings of the bank are expected to increase to $0.69 per share from $0.65 per share last year. Further, revenues are anticipated to fall to $2.03 billion from $2.29 billion a year earlier. On the NYSE, the company's shares closed Thursday at $38.01. (52-wk H/L $38.58/$26.93)

Comerica Inc. (CMA), M&T Bank Corp (MTB) and Wipro Ltd. (WIT) are also scheduled to report their results.