Jane Fraser, main enforcement serviceman for Latin American astatine Citigroup Inc., speaks during the Milken Institute Global Conference successful Beverly Hills, California, U.S., connected Monday, April 29, 2019.
Kyle Grillot | Bloomberg via Getty Images
Citigroup is scheduled to study first-quarter net earlier the opening doorbell Thursday.
Here's what Wall Street expects:
Earnings: $2.60 a share, 147% higher than the twelvemonth earlier period, according to Refinitiv.
Revenue: $18.8 billion, 9.2% little than a twelvemonth earlier.
Net Interest Margin: 1.99%
Trading Revenue: Fixed Income $4.43 billion, Equities $1.16 billion
Citigroup CEO Jane Fraser is acceptable for the spotlight.
Fraser, who officially became CEO successful February, is reporting results for the archetypal 4th astatine the helm of the country's third-biggest U.S. bank.
Like the remainder of the industry, Citigroup is expected to merchandise immoderate of the wealth it had antecedently acceptable speech for anticipated defaults tied to the coronavirus pandemic. The firm, which has sizeable fixed-income trading operations, whitethorn besides study a boost from trading desks successful the quarter.
Analysts volition beryllium keen to perceive Fraser's imaginativeness for the bank, arsenic good arsenic details connected her program to appease regulators who person criticized the firm's hazard absorption controls.
On Wednesday, JPMorgan Chase and Wells Fargo some posted results that exceeded analysts' expectations connected reserve releases, portion Goldman Sachs bushed estimates connected beardown advisory and trading results.
Shares of Citigroup person climbed 18% truthful acold this year, compared with the 26% beforehand of the KBW Bank Index.
This communicative is developing. Please cheque backmost for updates.
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