News Formal

Citigroup Reports Earnings Friday. What to Expect.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Analysts surveyed by FactSet expect the bank's profit will fall 28% from the year-ago quarter to $2.5 billion.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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
Källa: WSJ - 🏆 98. / 63 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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