Citigroup earnings are out – Here are the numbers

reported its third-quarter results on Friday morning, where investors will be looking for updates on CEO Jane Fraser's reorganization plans at the New York-based bank.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Earnings per share: $1.63. Not comparable to the expected $1.21 due to divestitures. Excluding divestitures, earnings per share were $1.52.Citigroup's stock was down 8% for the year entering Friday.Another initiative under Fraser has been Citi selling off its retail banking business in some international markets. The latest move on that front came on Oct. 9, when the bankTarget shares get an upgrade from Bank of America.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citigroup Reports Earnings Friday. What to Expect.Analysts surveyed by FactSet expect the bank's profit will fall 28% from the year-ago quarter to $2.5 billion.
Source: MarketWatch - 🏆 3. / 97 Read more »

Here's what to expect from Citigroup's third-quarter earnings reportFriday’s report is the first major update since Citigroup announced a new corporate structure in September.
Source: nbcchicago - 🏆 545. / 51 Read more »

Here's what to expect from Citigroup's third-quarter earnings reportFriday's report is the first major update since Citigroup announced a new corporate structure in September.
Source: CNBC - 🏆 12. / 72 Read more »

Citigroup profit holds steady as investment banking fees jumpCitigroup profit holds steady as investment banking fees jump
Source: Investingcom - 🏆 450. / 53 Read more »