Wall Street analysts forecast that Citigroup (C) will report quarterly earnings of $1.40 per share in its upcoming release, pointing to a year-over-year increase of 2.2%. It is anticipated that revenues will amount to $20.03 billion, exhibiting an increase of 3.1% compared to the year-ago quarter.The current level reflects a downward revision of 2.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...

Marilyn Nieves JPMorgan JPMorgan (NYSE:JPM) is scheduled to release their Q2 ’24 financial results before the opening bell, Friday, July 12th, 2024, with Street consensus expecting $4.18 in earnings per share, on $42.15 billion in revenue for expected y-o-y growth of -4% and -1% respectively. JPM has a tough compare with Q2 ’23 when revenue and EPS grew 34% and 54%, respectively. JPM also has tougher a compare vs. ’23 in Q3 ’24. Last quarter, Q1 ’24, JPM grew net revenue and EPS +11% and +13% respective ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>> Here are the key points: For 2024 Q2, S&P 500 earnings are expected to be up +8.0% from the same period last year on +4.6% higher revenues. This will be the highest earnings growth rate since the +9.9% growth rate in the first quarter of 2022. Earnings growth for the Energy sector is on tra ...

When it comes to stock market movements, earnings are the ultimate driver.The second-quarter earnings season unofficially kicks off this week. Early reports have already begun to trickle in, with the focus now turning to the major bank results on Friday.The setup heading into the season is favorable; S&P 500 earnings are projected to grow 8.6% from the year-ago period on 4.7% higher revenues. That would mark the highest EPS growth rate in about two years. The theme of accelerating earnings growth and contin ...

Citigroup Inc. (C) is slated to report second-quarter 2024 results on Jul 12, before the opening bell. With the C stock currently trading at almost a two-year high of $66.55, should you buy it before the release of its quarterly results? Before we analyze the stock’s investment worthiness, let’s first check out how it is expected to fare this time. A globally diversified financial services holding company is expected to register bottom- and top-line growth in the to-be-reported quarter.The Zacks Consensus E ...

Citigroup Inc. (C) will discontinue its operations in Haiti, marking the end of the company's more than five-decade presence in the country. This move will be immaterial to Citi and its international clients in economic terms.Citi will seek approval from Banque de la République d’Haiti (BRH) — Haiti’s central bank — to voluntarily surrender its banking license. However, international banking and correspondent banking services will remain accessible to existing clients.This move stemmed from a strategic busi ...

Protesters who have been blockading the entrance of Citigroup’s New York City headquarters for more than a month claim they were shoved by one of the banking giant’s top lawyers in a violent scuffle caught on video — but the bank denies any wrongdoing by any of its employees.Shocking footage of the incident obtained by The Post, which has also been circulating in edited form on Instagram, shows a man in a blue, button-down dress shirt and jeans pushing against a line of protesters who are holding what looks ...

Citigroup (C) closed the most recent trading day at $64.74, moving +1.11% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.Shares of the U.S. bank have appreciated by 3.64% over the course of the past month, outperforming the Finance sector's gain of 1.14% and lagging the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings perfo ...

Robert Way Citigroup Inc. (NYSE:C) is scheduled to release its second-quarter earnings report this Friday, July 12. As such, I decided to revisit my opinion of the stock, especially given the volatility baked into the banking industry. C Earnings Estimate (Seeking Alpha) I covered Citigroup's stock in March when I argued it was an undervalued asset. Although my prediction was somewhat correct, Citigroup's stock has shown moderate gains ever since. Pearl Gray's Previous Rating (Seeking Alpha) After further i ...

ALACHUA, Fla. and TAMPA, Fla., July 01, 2024 (GLOBE NEWSWIRE) -- Axogen, Inc. (NASDAQ: AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerve injuries, announced making an inducement grant on July 1, 2024, under NASDAQ listing rule 5635(c)(4) in connection with the hire of a new non-executive employee. In connection with the commencement of employment on June 17, 2024, and as a material inducement of employment, an award was made under the Company’s Inducement ...