Citigroup is set to report third-quarter earnings – here’s what the Street expects

Citigroup is scheduled to study third-quarter net earlier the opening doorbell Friday.

Here's what Wall Street expects:

• Earnings: $1.42 a share, 34% little than the twelvemonth earlier period, according to Refinitiv
• Revenue: $18.25 billion, 6.4% higher than a twelvemonth earlier
• Net Interest Income: $12.15 billion, according to StreetAccount
• Trading Revenue: Fixed income $3.19 billion; Equities $965 million
• Provision for recognition losses: $1.56 billion

The imaginable for a planetary economical slowdown arsenic cardinal banks astir the satellite conflict ostentation could hamper Jane Fraser's turnaround efforts astatine Citigroup.

Citigroup shares person slumped 29% this year, leaving it by acold the lowest-valued among its U.S. peers.

How volition Fraser, who took implicit astatine the New York-based slope past year, statesman to amended the company? Fraser has announced plans to exit retail banking markets extracurricular the U.S. and acceptable mean word instrumentality targets successful March.

Bank stocks person been hammered this twelvemonth implicit concerns that the U.S. is facing a recession, which would pb to a surge successful indebtedness losses. Even aft its restructuring, Citigroup has much overseas operations than its rivals, leaving it much exposed to slowing economies arsenic the interaction of a surging U.S. dollar ripples astir the world.   

Like the remainder of the industry, Citigroup is besides contending with a crisp diminution successful concern banking revenue, partially offset by an expected boost to trading results successful the quarter.

JPMorgan and Wells Fargo bushed gross estimates for the 3rd quarter. Morgan Stanley is besides scheduled to study results Friday, followed by Bank of America connected Monday and Goldman Sachs connected Tuesday.

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