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Here comes Citi … (C)

FILE PHOTO: Reflections are seen on the glass facade of a Citibank branch in Beijing, China, April 18, 2016. REUTERS/Kim Kyung-Hoon

Citigroup is set to announce third-quarter earnings Thursday at 8 a.m.

Wall Street estimates the firm will announce earnings of $1.32 per share, up from $1.28 the previous quarter.

Here’s what else analysts are expecting:

  • Revenues of $17.86 billion, down slightly from $17.9 billion in the second quarter.
  • Net income of $3.6 billion, up from $3.55 billion in the second quarter.
  • A hit to trading: CFO John Gerspach said in September that trading revenues could drop 15%.

Citi and JPMorgan are kicking off the earnings cycle for US banks, which have for weeks been preparing investors for a blow to trading read more >>>

Source:: BusinessInsider.Com

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