In this articleCFollow your favorite stocksCREATE FREE ACCOUNTJane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesCitigroup 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 has finished her sweeping corporate overhaul, including thousands of layoffs — now what?Fraser has said that the impact to employees would be complete by March, and that the firm would give an update to severance expenses along with first-quarter results.Last year, Fraser announced plans to simplify the management structure and reduce costs at the third-biggest U.S. bank by assets. Now, analysts want to know if Citigroup can maintain its previous guidance for full-year revenue and expense targets.JPMorgan Chase reported results earlier Friday, and Goldman Sachs reports on Monday.This story is developing. Please check back for updates.
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[mwai_chat context=”Let’s have a discussion about this article:nnIn this articleCFollow your favorite stocksCREATE FREE ACCOUNTJane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesCitigroup 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 has finished her sweeping corporate overhaul, including thousands of layoffs — now what?Fraser has said that the impact to employees would be complete by March, and that the firm would give an update to severance expenses along with first-quarter results.Last year, Fraser announced plans to simplify the management structure and reduce costs at the third-biggest U.S. bank by assets. Now, analysts want to know if Citigroup can maintain its previous guidance for full-year revenue and expense targets.JPMorgan Chase reported results earlier Friday, and Goldman Sachs reports on Monday.This story is developing. Please check back for updates.nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
