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Citigroup earnings are due Tuesday. Here's what Wall Street expects
CCiti(C) CNBC·2024-10-15 11:10

Core Viewpoint - Citigroup is expected to report its third-quarter earnings, providing insights into CEO Jane Fraser's turnaround strategy, with analysts projecting earnings per share of 1.31andrevenueof1.31 and revenue of 19.84 billion [1] Group 1: Earnings Expectations - Analysts anticipate earnings per share of 1.31forthethirdquarter[1]Projectedrevenueforthequarteris1.31 for the third quarter [1] - Projected revenue for the quarter is 19.84 billion [1] Group 2: Management and Strategy - CEO Jane Fraser has been focused on streamlining Citigroup since taking over in March 2021, which includes reducing the bank's global footprint and workforce [1] Group 3: Performance Highlights - Investment banking and equities trading were noted as strong areas for Citigroup in the second quarter [1] - Citigroup's shares have increased by over 28% year-to-date, outperforming both the S&P 500 and the financial sector [1]