Key TakeawaysCitigroup reported higher-than-forecast top- and bottom-line results on the back of a rise in investment banking fees.The numbers show CEO Jane Fraser’s restructuring strategy aimed at streamlining the lender is working.Fraser, who took over as CEO in 2021, said the results mark the end of the bank's restructuring. Citigroup (C) reported higher-than-forecast results as rising markets drove up investment banking fees and as CEO Jane Fraser’s restructuring strategy aimed at streamlining the lend ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Disclaimer: This article has been updated with the correct title. The previous copy incorrectly stated that Citi reported a loss. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Citigroup Inc (NYSE: C) is trading up in premarket on Friday after reporting market-beating financial results for its first quarter. Citi took a hit to markets revenue in Q1Copy link to sectionThe finan ...

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.Citigroup is due to report first-quarter earnings before the opening bell Friday.Here's what Wall Street expects:Earnings: $1.23 a share, according to LSEGRevenue: $20.4 billion, according to LSEGNet Interest Income: $13.62 billion, according to StreetAccountTrading Revenue: Fixed income of $4.14 billion and equities of $1.12 billion, according to StreetAccountCitigroup CEO Jane Fraser ...

Citigroup Inc. (C) is scheduled to report first-quarter 2024 results on Apr 12, before market open. The bank’s quarterly earnings and revenues are expected to have witnessed year-over-year declines.In the last reported quarter, adjusted earnings per share surpassed the Zacks Consensus Estimate on growth in total loans and deposits. However, a decline in revenues and deteriorating credit quality were headwinds.C’s earnings surpassed the consensus estimate in the trailing four quarters, delivering an average ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points: Total S&P 500 earnings for the first quarter of 2024 are expected to be up +2.2% from the same period last year on +3.4% higher revenues. This follows the +6.8% earnings growth on +3.9% higher revenues in 2023 Q4. As was the case in the preceding two quarters, the Te ...

While acquiring equity shares based on one person’s guidance is an incredibly risky approach, it’s possible to make an exception for Warren Buffett stocks. Fundamentally, the legendary investor – known as the Oracle of Omaha – has been around for a long time. Stated differently, he knows how to navigate both bull and bear markets.Another catalyst for targeting the top holdings of Buffett’s conglomerate Berkshire Hathaway (NYSE:BRK-B) is that the investor focuses on viable prospects. He doesn’t mess around w ...

Wall Street analysts forecast that Citigroup (C) will report quarterly earnings of $1.35 per share in its upcoming release, pointing to a year-over-year decline of 27.4%. It is anticipated that revenues will amount to $20.3 billion, exhibiting a decline of 5.4% compared to the year-ago quarter.The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their init ...

Key PointsUncertainty with potential Fed interest rate cuts creates an opportunity for consumer staples stocks to see a leg up.Three names stand out as non-cyclical products with high Wall Street regard.EPS projections, price targets, and price action all boost the potential future of these stocks.5 stocks we like better than CitigroupThe swing is coming in this next market cycle. While markets may have priced in potential interest rate cuts from the Federal Reserve (the Fed), some stocks have yet to reach ...

Citigroup (C) shares have been star performers lately, with the stock not only handily outperforming the S&P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan (JPM) (up +16.1%) and Wells Fargo (WFC) (up +16.7%).Citigroup’s performance lead over its peers extends further if we go back a few months, say to the preceding 6-month period, as the chart below shows.Image Source: Zacks Investment ResearchSeeing a perennial laggard like Citigroup show this type of energy and momentum is good. But bele ...

Citigroup (C) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 12. On the o ...