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

1 week ago
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A pedestrian wearing a protective disguise walks past a Citibank subdivision successful New York connected Friday, April 10, 2020.

Bloomberg

Citigroup is acceptable to study its fourth-quarter results aboriginal connected Friday.

Here's what analysts expect from the banking giant's numbers:

  • Earnings per share: $1.38 estimated, according to Refinitiv
  • Revenue: $16.75 cardinal expected
  • Net involvement income: $10.44 cardinal expected, according to StreetAccount
  • Noninterest income: $6.34 cardinal forecast
  • Institutional Clients Group revenue: $9.56 cardinal forecast
  • Fixed income trading: $2.71 cardinal expected
  • Equities trading revenue: $839.7 cardinal estimated

Citigroup CEO Jane Fraser has immoderate explaining to do.

Shares of her slope slumped 2% past year, portion the KBW Bank Index jumped 37% and each of her large slope peers surged connected beardown superior markets gross and expectations for rising involvement rates.

But Citigroup, which trades for little than tangible publication worth (the measurement of what a slope would beryllium worthy if it were liquidated), has been struggling for years.

When Fraser took implicit for predecessor Michael Corbat a twelvemonth ago, her mandate was to amended returns astatine the 3rd biggest U.S. slope by assets.

To bash so, she has opted to exit little profitable parts of the firm's planetary empire. Her archetypal large strategical determination was to permission 13 retail markets crossed Asian and Europe; since that April announcement she has disclosed plans to depart South Korea and Mexico. Analysts volition beryllium keen to inquire her if she's completed her divestiture project.

Investors were amazed erstwhile the slope said past period that it was suspending stock repurchases to assistance it comply with impending regulatory rules. Analysts volition apt inquire Fraser erstwhile buybacks volition resume, and astatine what levels.

Shares of the slope person climbed 11% this year, matching the emergence of the KBW Bank Index.

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—CNBC's Hugh Son contributed to this report.