Citigroup (C) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this U.S. bank would post earnings of $1.13 per share when it actually produced earnings of $1.58, delivering a surprise of 39.82%.Over the last four quarters, the company has surp ...

Key TakeawaysCitigroup on Friday reported second-quarter profit that exceeded expectations.The bank's net income jumped 10% year-over-year to $3.2 billion, or $1.52 per diluted share.Revenue increased 4% after a strong showing from the banking and trading businesses.Citi's operating expenses, in the spotlight after ending its restructuring program, declined 2%. Citigroup (C) on Friday reported second-quarter profit that beat analysts' estimates. Citi's net income of $3.2 billion was 10% higher than the year ...

About this content About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 20 ...

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Citigroup is scheduled to report second-quarter earnings before the opening bell Friday.Here's what Wall Street expects:Earnings: $1.39 a share, according to LSEGRevenue: $20.1 billion, according to LSEGProvision for credit losses: $2.61 billion, according to StreetAccountTrading Revenue: Fixed Income of $3.57 billion, Equities of $1.20 billion, according to StreetAccountCitigroup was just ...

Citigroup Inc. (C) announced that it has been penalized by the U.S. bank regulators with a $136 million fine for failing to make adequate progress in fixing data management issues. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) disclosed the action on Wednesday. The company’s shares fell 1.03% in the after-market hours following the announcement.The regulators stated that Citi made “insufficient progress” in dealing with the issues identified in 2020 which required Citi to fix t ...

The heart of the Q2 earnings season is upon us with several big banks set to report their quarterly results on Friday, July 12.Wall Street will be closely monitoring JPMorgan’s (JPM)  results as the largest bank in the United States but also paying close attention to Citigroup (C)  which is the third largest domestic bank. To that point, Citigroup recently announced a significant restructuring plan to streamline its operations in a bid to enhance efficiency.That said, let’s see if now is a good time to buy ...

The financial sector, and specifically the sector ETF Financial Select Sector SPDR Fund NYSE: XLF, has been consolidating for several months and is now approaching a significant breakout level. As earnings season kicks off, the sector's major players are set to report quarterly results, potentially triggering a major directional move. So, let's explore the XLF ETF's current positioning, its recent performance, and what to expect from its top holdings as they report earnings, as this could lead to a higher t ...

Wall Street analysts forecast that Citigroup (C) will report quarterly earnings of $1.40 per share in its upcoming release, pointing to a year-over-year increase of 2.2%. It is anticipated that revenues will amount to $20.03 billion, exhibiting an increase of 3.1% compared to the year-ago quarter.The current level reflects a downward revision of 2.4% 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 ...

文章核心观点 - JPMorgan Chase(JPM)预计在2024年第二季度的收益和收入将分别同比下降4%和1% [1] - JPMorgan Chase在2023年第二季度的收益和收入分别同比增长34%和54%,因此今年第二季度的业绩对比较为艰难 [1] - 2024年第一季度,JPMorgan Chase的净收入和每股收益分别增长11%和13%,净利息收入和交易收入是主要贡献因素 [1] - JPMorgan Chase在2024年第一季度的有形普通股权益回报率(ROTCE)为22% [1] 关于JPMorgan Chase - JPMorgan Chase的投资银行业务约占其总收入和利润的三分之一,是推动每股收益上升的关键业务 [4] - JPMorgan Chase预计将在未来某个时候将企业和投资银行业务并入商业银行业务 [4] - JPMorgan Chase在2024年上半年受益于创纪录的企业债券发行量 [4] - JPMorgan Chase的预期2024年和2025年每股收益增长率分别为4%和6% [4] - JPMorgan Chase在2024年第二季度的投资银行收入和交易收入均优于预期 [6][7] - JPMorgan Chase的账面价值和有形账面价值接近或超过2倍,因此不是一个"账面价值"投资标的,而是一家卓越的银行运营商 [7] 关于花旗集团(Citigroup) - 花旗集团在过去5年一直以低于账面价值和有形账面价值的折价交易,但在现任CEO Jane Fraser的领导下,业绩开始改善 [15] - 花旗集团2024年第一季度的每股收益和收入分别同比下降28%(但超出预期20%)和增长3%(超出预期2%) [18] - 花旗集团2024年全年每股收益预计下降3%,但2025年和2026年每股收益预计将增长26% [19] - 花旗集团的净资产收益率(ROE)一直约为7-8%,只有JPMorgan Chase和美国银行(BAC)的一半,但未来几年预计将提升至11-12% [21] - 花旗集团的个人银行和财富管理业务占其总收入的三分之一,但只占利润的15%左右,拖累了整体每股收益增长 [22] 整体银行业概况 - 大型银行目前处于有利的资本市场和经济环境中,信贷质量良好,利率上升有利于净利息收入,资本市场活跃 [25][26] - 2022年的经济衰退担忧导致大型银行增加了贷款损失准备,但尚未被使用,因此未来一旦经济衰退,其每股收益下降可能会相对温和 [13]

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: For 2024 Q2, S&P 500 earnings are expected to be up +8.0% from the same period last year on +4.6% higher revenues. This will be the highest earnings growth rate since the +9.9% growth rate in the first quarter of 2022. Earnings growth for the Energy sector is on tra ...