Are you ready to dive into the latest news from the world of finance? Well, look no further than Extreme Investor Network for all the updates you need to stay ahead of the game. Today, we’re taking a closer look at Citigroup and their upcoming first-quarter earnings report.
Citigroup, led by CEO Jane Fraser, is set to release its earnings before the opening bell on Friday. Wall Street analysts are expecting earnings of $1.23 per share and revenue of $20.4 billion. Additionally, net interest income is projected to be $13.62 billion, with trading revenue split between fixed income and equities.
Fraser recently completed a major corporate overhaul, which included significant layoffs. Now, investors are eager to see the impact of these changes reflected in the first-quarter results. Fraser has promised to provide an update on severance expenses along with the earnings report.
In the past year, Citigroup has implemented measures to simplify its management structure and reduce costs. Analysts will be closely watching to see if the bank can uphold its full-year revenue and expense targets.
In related news, JPMorgan Chase reported its results earlier in the day, while Goldman Sachs is scheduled to release their earnings on Monday. The financial sector is buzzing with activity, and we will keep you posted on all the latest developments.
Stay tuned to Extreme Investor Network for more insights and analysis on the ever-changing landscape of business news. Don’t miss out on valuable information that can help you make informed investment decisions. Check back for updates as this story continues to unfold.
