Jane Fraser, CEO of Citigroup, attends a listening to on Annual Oversight of Wall Street Corporations earlier than the Senate Committee on Banking, Housing, and City Affairs in Washington, D.C., the United States, on Dec. 6, 2023.
Tom Williams | Cq-roll Name, Inc. | Getty Pictures
Citigroup is scheduled to report first-quarter earnings earlier than the opening bell Tuesday.
Right here’s what Wall Street expects:
- Earnings: $1.85 per share, in accordance to LSEG
- Income: $21.29 billion, in accordance to LSEG
- Provision for credit score losses: $2.57 billion, per StreetAccount
- Buying and selling Income: Fastened earnings of $4.33 billion, Equities of $1.4 billion, per StreetAccount
Citigroup could have a key drawback when it comes to first-quarter earnings.
Whereas its Wall Street friends feasted on booming inventory buying and selling income in the interval, Citigroup’s buying and selling division is far more tilted to fastened earnings than equities.
Which will imply it would not have fairly the tailwind from buying and selling as its rivals did.
JPMorgan Chase, Morgan Stanley and Goldman Sachs every exceeded analysts’ estimates on a increase in equities buying and selling income as the banks took benefit of volatility in the quarter.
Shares of Citigroup have dropped 10% this yr amid a broad selloff in banks associated to President Donald Trump’s tariff insurance policies.
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