Here comes Citi...
Citigroup is expected to report third-quarter earnings at 8 a.m. ET on Wednesday.
Analysts are expecting adjusted earnings per share of $1.12 on revenue of $17.26 billion, according to Bloomberg.
Trading revenue is expected to come in at $3.44 billion, while investment banking revenue is expected to be $1.02 billion.
In the same quarter last year, Citi beat expectations, reporting adjusted EPS of $1.06 ($1.05 expected) on revenue of $18.64 billion ($17.93 billion expected).
In the third quarter, Citi also beat, reporting adjusted earnings of $1.24 per share ($1.16 expected) on revenues of $17.76 billion ($17.29 billion expected).
"I am very encouraged by the underlying momentum across our franchise, notably in several areas where we have been investing," CEO Michael Corbat said in a statement at the time.
Bank of America, JPMorgan, Wells Fargo, Morgan Stanley, and Goldman Sachs have already reported fourth-quarter earnings.
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