Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.


is within the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been.

Like most of its peers, Citigroup (ticker: C) is predicted to post a drop in profits within the fourth quarter of 2022 as deal making fell off sharply at the foremost banks compared with the year-ago quarter. Analysts surveyed by FactSet project the bank will see revenue of $17.9 billion compared with $17 billion from a yr earlier. Earnings, nonetheless, are forecast to be $2.3 billion, or $1.14 per share, down from $3.2 billion last yr.

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