Thursday, February 29, 2024
HomeBusinessCitigroup (C) Q3 earnings report

Citigroup (C) Q3 earnings report

Citi CEO Jane Fraser speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.

Mike Blake | Reuters

citi group It is scheduled to report its third-quarter results on Friday morning, where investors will look for updates on Chief Executive Jane Fraser’s reorganization plans at the New York-based bank.

This is what Wall Street analysts expect, according to a survey of analysts by LSEG, formerly known as Refinitiv.

  • Earnings per share: $1.21
  • Revenue: $19.31 billion

Citigroup shares fell 8% in the year through Friday.

Friday’s earnings report includes the period during which Fraser announced the bank would be divided into five main business lines, the latest change for the CEO since he took over in March 2021. The new structure is expected, announced on September 13, include jobs. cuts.

Another Fraser initiative has been Citi’s sale of its retail banking business in some international markets. The latest move on that front came on October 9, when the bank announced it had reached a deal to sell its consumer wealth portfolio in China.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments