Citigroup earnings are due Tuesday. Here's what Wall Street expects

Published On Oct 15, 2024, 7:10 AM

Citigroup is expected to report its third-quarter earnings on October 15, 2024. Analysts predict earnings per share of $1.31 and revenues of $19.84 billion. The bank has performed well in 2024, with its shares up over 28% year-to-date, surpassing both the S&P 500 and the financial sector. Investment banking and equities trading were highlighted as strong performance areas in the previous quarter, indicating potential continued growth as the CEO executes a turnaround strategy.

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Positive

Citigroup's strong share performance and positive contributions from investment banking and equities trading suggest continued upward momentum. The analyst estimates for earnings and revenue also indicate expectations for solid financial health, supporting a positive outlook for the stock.

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