LIVE: Citigroup announces earnings

Citigroup earnings are expected at about 8AM this morning and investment bank analysts are looking for earnings of $1.28 a share.

Analysts are looking for revenue of about $18.6 billion, according to analysts polled by Bloomberg, which would represent a decline from this quarter last year.

Citigroup analysts are also expecting lower trading revenue, in part based on CFO John Gerspach's warning in September.

Analysts Bloomberg polled said they were expecting investment banking revenue of $986 million, also down double-digits year-over-year.

So far, big banks have been disappointing with third quarter earnings. Earlier this morning, Goldman Sachs posted a miss, sending shares down before the open.

And, JPMorgan's results on Tuesday also fell short of analyst expectations.

We'll have more coming once Citi announces results...