Citigroup CEO Jane Fraser attended a hearing on the Wall Street Company’s annual oversight hearing on December 6, 2023, before the Senate Committee on Banks, Housing, Urban Banks, Housing and Urban Affairs in Washington, DC.
Tom Williams | CQ-Roll Call, Inc. |Getty Images
Citigroup is expected to report first quarter revenues ahead of Tuesday’s opening bell.
Here’s what Wall Street is hoping for:
According to LSEGREVENUE, $1.85 per share: Credit loss According to LSEGProvision, $1.85 per share: $2.57 billion, StreetAccountRading Revenue: $4.333 billion, $1.4 billion, Stock per StreetAccount
Citigroup may have significant disadvantages when it comes to first quarter revenue.
Wall Street peers easted the booming stock trading revenues for that period, but Citigroup’s trading division is much more leaning towards bonds than stocks.
That may mean that they don’t have a tailwind from the deal at all, as their rivals did.
JPMorgan Chase, Morgan Stanley and Goldman Sachs surpassed analysts’ estimates regarding the stock trading revenue boom as banks exploited the quarter’s volatility.
Citigroup shares fell 10% this year amid widespread sales at banks related to President Donald Trump’s tariff policy.
This story is developing. Please check for updates.
