Citigroup earnings are due Tuesday. Here’s what Wall Street expects

Advertise with OxBig News Network – WhatsApp Now +919501762829 

spot_img

The Citibank building in Canada Square at the heart of Canary Wharf financial district in London on May 7, 2024.

Mike Kemp | In Pictures | Getty Images

Citigroup is set to report its third-quarter earnings before the opening bell on Tuesday, as investors will get the latest updates about the progress of CEO Jane Fraser’s turnaround plan.

Here are the results expected by Wall Street analysts, according to LSEG.

  • Earnings per share: $1.31
  • Revenue: $19.84 billion

Fraser took over in March 2021 and has focused on slimming down the bank during her tenure. That includes reducing Citigroup’s global presence and laying off workers.

Investment banking and equities trading were two bright spots for the bank in its second-quarter earnings report, released in July.

Shares of Citigroup were up more than 28% year to date through Monday, outperforming both the S&P 500 and the financial sector.

Don’t miss these insights from CNBC PRO

#Citigroup #earnings #due #Tuesday #Heres #Wall #Street #expects

HINDI NEWS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related News

More News

More like this
Related

Sir Mark Rowley: Met chief warns anti-crime pledges want funding-OxBig News Network

ReutersThe authorities's pledges on crime won't be saved with...

Brazilian prosecutors sue Chinas BYD over allegations of slave-like labor circumstances

SAO PAULO — Brazilian prosecutors mentioned Tuesday they're...

IMD predicts above-normal monsoon-OxBig News Network

The southwest monsoon, which entered Kerala final week, will...