Here comes Citi ...
Advertisement
Thomson Reuters
Advertisement
Wall Street estimates the firm will announce earnings of $1.32 per share, up from $1.28 the previous quarter.
Here's what else analysts are expecting:
- Revenues of $17.86 billion, down slightly from $17.9 billion in the second quarter.
- Net income of $3.6 billion, up from $3.55 billion in the second quarter.
- A hit to trading: CFO John Gerspach said in September that trading revenues could drop 15%.
Citi and JPMorgan are kicking off the earnings cycle for US banks, which have for weeks been preparing investors for a blow to trading results. Bank of America, Citi, and JPMorgan are bracing for 15% and 20% hits to trading revenues.
Analysts are also expecting total loan growth to have stalled amid economic and political uncertainty.
Advertisement
Citi has beaten its EPS estimates every quarter since the start of 2014.
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market