Heres what Wall Street is expecting from the banking giant:
Earnings: $1.80 per share expected by Refinitiv
Revenue: $18.634 billion forecast
Fixed-income, currencies and commodities (FICC) trading revenue: $3.05 billion expected by StreetAccount
Equities trading: $930 million
Investment banking revenue: $1.2 billion forecast
Net interest margin: 2.72%
The results will follow the retirement of President Jamie Forese, who was considered a potential successor to CEO Michael Corbat. Citigroup announced Foreses retirement on April 11.
Citigroup shares have been on fire this year, rallying nearly 30% in that time period. The stock is also outperforming peers like J.P. Morgan Chase, Wells Fargo, Morgan Stanley, and Bank of America.
J.P. Morgan and Wells Fargo both reported quarterly earnings on Friday that topped analyst expectations. Shares of J.P. Morgan rallied on the news, while Wells Fargo dropped on a profit warning from its CFO.
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