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.
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