Citigroup
is in the midst of a yearslong turnaround. On Friday, Wall Road will see how successful the bank’s efforts have been.
Like most of its peers, Citigroup (ticker: C) is expected to article a fall in profits in the fourth quarter of 2022 as offer producing fell off sharply at the big banking institutions in contrast with the calendar year-back quarter. Analysts surveyed by FactSet task the bank will see revenue of $17.9 billion compared with $17 billion from a calendar year previously. Earnings, nonetheless, are forecast to be $2.3 billion, or $1.14 for each share, down from $3.2 billion past year.
Citigroup
is in the midst of a yearslong turnaround. On Friday, Wall Road will see how successful the bank’s efforts have been.
Like most of its peers, Citigroup (ticker: C) is expected to article a fall in profits in the fourth quarter of 2022 as offer producing fell off sharply at the big banking institutions in contrast with the calendar year-back quarter. Analysts surveyed by FactSet task the bank will see revenue of $17.9 billion compared with $17 billion from a calendar year previously. Earnings, nonetheless, are forecast to be $2.3 billion, or $1.14 for each share, down from $3.2 billion past year.
