Jane Fraser speaks through the Milken Institute International Convention in Beverly Hills, California, U.S., on Monday, April 29, 2019.
Kyle Grillot | Bloomberg by way of Getty Pictures
Citigroup is about to report its fourth-quarter earnings Wednesday morning forward of Wall Avenue’s opening bell.
Listed below are a number of the key metrics to observe and what analysts expect from the financial institution, in response to LSEG:
- Earnings per share: $1.22
- Income: $19.49 billion
Progress in funding banking and fairness markets income helped drive a better-than-expected report for Citi within the third quarter, and people might be sources of energy once more within the fourth quarter. Chief monetary officer Mark Mason mentioned at a Goldman Sachs convention in December that Citi was seeing funding banking charges and the markets enterprise up double-digit percentages yr over yr, in response to a transcript from FactSet.
12 months-over-year comparisons for fourth quarter earnings metrics could also be sophisticated by charges Citi booked within the remaining interval of 2023.
Buyers will even be on the lookout for progress updates about CEO Jane Fraser’s turnaround efforts. Fraser took over the financial institution in March 2021 and has centered on slimming down the corporate, together with promoting off some worldwide models.
Citi’s inventory was a powerful performer in 2024, rising practically 37% on the yr. The inventory is up greater than 4% to this point this yr.
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