Stock Groups

Citigroup (C) earnings Q3 2021

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An image of a Citibank sign at one of California’s company offices.

Justin Sullivan | Getty Images

CitigroupThe company will report third quarter earnings on Thursday before the bell.

Refinitiv consensus estimates show Wall Street anticipates earning per share of $1.65 on $16.97billion in revenue. StreetAccount estimates show that analysts are expecting $3.07 trillion in fixed income trading revenue and $909.7million in equities trading revenue.

The results will not only be important, but investors will also want to know Citi’s plans for recovery, loan creation, and interest rates. Investors will be looking to gain new insights into Jane Fraser, the CEO of Citibank. Jane took control earlier in this year.

The second quarter quarter will be Citi beat expectationsThe bank’s $1.1 billion loan loss reserve benefit contributed to the improvement in both top and bottom line. In April, the bank announced that it had been exiting retail operations in 13 non-U.S. countries

On Wednesday, JPMorgan kicked off bank earnings seasonBy exceeding profit expectations with a $1.5 Billion increase in loan loss reserves

Citi shares are currently up 14% over the past year, trailing both the KBW Bank Index returns and other large-cap peers.

The story is still in development. Stay tuned for new updates.

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