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Jane Fraser, CEO of Citigroup, attends a proceeding connected Annual Oversight of Wall Street Firms earlier the Senate Committee connected Banking, Housing, and Urban Affairs successful Washington, D.C., the United States, connected Dec. 6, 2023.
Tom Williams | Cq-roll Call, Inc. | Getty Images
Citigroup is scheduled to study first-quarter net earlier the opening doorbell Tuesday.
Here's what Wall Street expects:
- Earnings: $1.85 per share, according to LSEG
- Revenue: $21.29 billion, according to LSEG
- Provision for recognition losses: $2.57 billion, per StreetAccount
- Trading Revenue: Fixed income of $4.33 billion, Equities of $1.4 billion, per StreetAccount
Citigroup whitethorn person a cardinal disadvantage erstwhile it comes to first-quarter earnings.
While its Wall Street peers feasted connected booming banal trading gross successful the period, Citigroup's trading part is overmuch much tilted to fixed income than equities.
That whitethorn mean it doesn't person rather the tailwind from trading arsenic its rivals did.
JPMorgan Chase, Morgan Stanley and Goldman Sachs each exceeded analysts' estimates connected a roar successful equities trading gross arsenic the banks took vantage of volatility successful the quarter.
Shares of Citigroup person dropped 10% this twelvemonth amid a wide selloff successful banks related to President Donald Trump's tariff policies.
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