Home Financial News Citigroup to report first-quarter earnings earlier than the bell

Citigroup to report first-quarter earnings earlier than the bell

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Jane Fraser, CEO of Citi, speaks in the course of the Milken Institute International Convention in Beverly Hills, California, on Might 1, 2023. 

Patrick T. Fallon | AFP | Getty Pictures

Citigroup is because of report first-quarter earnings earlier than the opening bell Friday.

This is what Wall Road expects:

  • Earnings: $1.23 a share, in response to LSEG
  • Income: $20.4 billion, in response to LSEG
  • Web Curiosity Revenue: $13.62 billion, in response to StreetAccount
  • Buying and selling Income: Fastened earnings of $4.14 billion and equities of $1.12 billion, in response to StreetAccount

Citigroup CEO Jane Fraser has completed her sweeping company overhaul, together with hundreds of layoffs — now what?

Fraser has stated that the influence to workers can be full by March, and that the agency would give an replace to severance bills together with first-quarter outcomes.

Final 12 months, Fraser introduced plans to simplify the administration construction and scale back prices on the third-biggest U.S. financial institution by property. Now, analysts need to know if Citigroup can keep its earlier steerage for full-year income and expense targets.

JPMorgan Chase reported outcomes earlier Friday, and Goldman Sachs experiences on Monday.

This story is growing. Please test again for updates.

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