Citigroup is scheduled Friday to launch its first-quarter outcomes as the company earnings season kicks off.
Here’s what Wall Avenue is anticipating from the banking big:
—Earnings: $1.61 per share anticipated by Thomson Reuters
—Income: $18.87 billion anticipated
—Web curiosity revenue: $11.26 billion forecast by StreetAccount
—Fastened revenue, currencies and commodities buying and selling income: $three.68 billion anticipated
The financial institution’s inventory is down greater than three % this yr, lagging a few of its friends, together with J.P. Morgan Chase and Financial institution of America. J.P. Morgan reported quarterly outcomes on Friday, whereas Financial institution of America experiences Monday.
Citigroup experiences its newest quarterly outcomes as volatility in monetary markets has elevated. The S&P 500 has posted 28 strikes of a minimum of 1 %. The index posted simply eight strikes of that magnitude all of final yr.
Market volatility normally results in greater buying and selling income.
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