The results will follow the retirement of President Jamie Forese, who was considered a potential successor to CEO Michael Corbat. Citigroup announced Forese's retirement on April 11.
Citigroup shares have been on fire this year, rallying nearly 30% in that time period. The stock is also outperforming peers like J.P. Morgan Chase, Wells Fargo, Morgan Stanley, and Bank of America. J.P. Morgan and Wells Fargo both reported quarterly earnings on Friday that topped analyst expectations. Shares of J.P. Morgan rallied on the news, while Wells Fargo dropped on a profit warning from its CFO.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs is set to report first-quarter earnings — here's what the Street expectsIt's only Goldman Sachs CEO David Solomon's second quarter running the bank, but analysts will have plenty of questions for him. Pocahontas ewarren is ready to bash the ‘greedy bankers’ regardless of earnings report numbers!
Source: CNBC - 🏆 12. / 72 Read more »
Earnings season is upon us — here's what to expectFirst-quarter earnings for the S&P 500 are projected to decline 2.5% year over year, according to Refinitiv consensus estimates.
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan Chase is set to report first-quarter earnings – here's what the Street expectsBank stocks under-performed the broader market in the first quarter after the Federal Reserve said in March that it was pausing rate hikes for the remainder of the year. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! katieporteroc
Source: CNBC - 🏆 12. / 72 Read more »
Here's what to expect from Wells Fargo's first-quarter earningsWells Fargo is scheduled to release its first-quarter results later on Friday.
Source: CNBC - 🏆 12. / 72 Read more »