Citigroup, Goldman Sachs profit beats, Target cuts outlook, Netflix inks deal with Jerry Seinfeld ahead of earnings

Here are some of the stocks the Yahoo Finance team will be tracking for you today.

Citigroup (C) delivered mixed results, while earnings topped expectations; revenue came in a tad shy of estimates. Profit rose 7% from a year ago as Citi’s trading desk got a boost from Donald’s Trump surprise election win.

Goldman Sachs (GS) reported a beat on both its top and bottom lines for the fourth quarter. Profit soared nearly four-fold as trading activity in bonds, currencies and commodities jumped more than 78% from a year ago to $2 billion.

Target (TGT) shares fell in early trading after the discount retailer cut its fourth-quarter sales and profit forecasts. The company said same-store sales fell 1.3% in the November-to-December holiday period. Target’s CEO blamed “early season sales softness and disappointing traffic and sales trends.” The company now expects fourth-quarter same-store sales to fall as much as 1.5%.

Pearson (PSO) shares took a big hit this morning after the UK-based publishing house slashed its profit outlook for the year, describing “an unprecedented decline” in its US business. The company also signaled it would cut its dividend and announced plans to sell its stake in publisher Penguin Random House

Netflix (NFLX) stock is also on investors’ watch list this morning. The streaming giant is scheduled to report fourth-quarter results after the close of trading. Analysts are looking for Netflix to earn $0.13 a share on revenue of $2.47 billion. That’s up more than 30% from a year ago. One factor that may help drive profit higher is the success of its British drama “The Crown.” Separately, Netflix signed a deal with comedian Jerry Seinfeld for a couple of new stand-up comedy specials as well as exclusive rights to his series “Comedians In Cars Getting Coffee.”