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

2 days ago
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A Citibank motion successful beforehand of 1 of the company's offices successful California.

Justin Sullivan | Getty Images

Citigroup is acceptable to study its third-quarter net earlier the doorbell connected Thursday.

Wall Street is anticipating net per stock of $1.65 connected gross of $16.97 billion, based connected Refinitiv statement estimates. Within that, analysts expect $3.07 cardinal successful gross from fixed income trading and $909.7 cardinal successful gross from equities trading, according to StreetAccount estimates.

In summation to the results, investors volition beryllium looking for Citi's expectations for the economical recovery, involvement rates and indebtedness creation. They volition besides beryllium looking for caller penetration into CEO Jane Fraser's program for the bank, which she took implicit earlier this year.

For the 2nd 4th quarter, Citi bushed expectations connected the apical and bottommost lines acknowledgment successful portion to a $1.1 cardinal payment for indebtedness nonaccomplishment reserves. The slope besides announced successful April that it was exiting retail operations successful 13 non-U.S. countries.

On Wednesday, JPMorgan kicked disconnected slope net season by beating nett expectations connected a $1.5 cardinal boost from indebtedness nonaccomplishment reserves.

Shares of Citi are up astir 14% twelvemonth to date, which is trailing the returns of the KBW Bank Index and immoderate of its large-cap peers.

This communicative is developing. Please cheque backmost for updates.

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