Jane Fraser speaks in the course of the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.
Kyle Grillot | Bloomberg by way of Getty Images
Citigroup is about to report its fourth-quarter earnings Wednesday morning forward of Wall Street’s opening bell.
Here are a few of the key metrics to observe and what analysts predict from the financial institution, based on LSEG:
- Earnings per share: $1.22
- Revenue: $19.49 billion
Growth in funding banking and fairness markets income helped drive a better-than-expected report for Citi within the third quarter, and people could possibly be sources of power 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 12 months over 12 months, based on a transcript from FactSet.
Year-over-year comparisons for fourth quarter revenue metrics could also be difficult by charges Citi booked within the last interval of 2023.
Investors may even be searching 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 items.
Citi’s inventory was a powerful performer in 2024, rising almost 37% on the 12 months. The inventory is up greater than 4% to this point this 12 months.
