Citigroup Reports Earnings Friday. What to Expect.

Citigroup will have an opportunity to show its yearslong turnaround efforts are gathering steam when the bank posts third-quarter results Friday. It won’t be easy.

Just last month, Citigroup unveiled a leaner management structure with the intent of eliminating “unnecessary complexity” at the bank, chief executive Jane Fraser said at the time. In the years leading up to Fraser taking the top spot in 2021, Citigroup had been faulted by regulators for having weak internal controls and deficiencies in its risk management procedures.

But investors hoping to see financial improvement from the management overhaul will have to wait until the fourth quarter, when results will reflect the changes, Citigroup said.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

UnitedHealth Reports Earnings on Friday. What to Expect.Wall Street analysts expect the company to report earnings of $6.32 for the third quarter, up from $5.79 in the same quarter last year, according to FactSet.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Stock futures are little changed ahead of Friday's big bank earnings: Live updatesThe major averages fell on Thursday, but all three are on pace for weekly gains.
Bron: CNBC - 🏆 12. / 72 Lees verder »

These 3 bank stocks are Wall Street's favorites heading into earnings reports for the industryBanks have been feeling the pressure against the backdrop of higher interest rates, but these three names could emerge as winners this earnings season.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a ClueJPMorgan, Wells Fargo and Citigroup are set to kick off third-quarter bank results Friday
Bron: WSJ - 🏆 98. / 63 Lees verder »

Walgreens Reports Earnings Thursday. What to Expect.Wall Street analysts expect the company to report fourth quarter earnings of $0.69 per share, down from $0.80 in the same quarter last year.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

What the Street expects this earnings season — and the headwinds we're monitoringThe third-quarter earnings season unofficially kicks off this Friday.
Bron: CNBC - 🏆 12. / 72 Lees verder »