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.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- 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.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh