Loading
Here's what to expect from Citigroup earnings
CNBC
Mon, 15 Apr 2019 12:29

Here's what to expect from Citigroup earnings

CNBC
Mon, 15 Apr 2019 12:29

Citigroup is scheduled to report quarterly results later on Monday.

Here's what to expect from Citigroup earnings


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.

Subscribe to CNBC on YouTube.