Here comes Citi ...
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Thomson Reuters
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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.
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Citi has beaten its EPS estimates every quarter since the start of 2014.
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