Earnings Preview: What To Expect From Citigroup On Monday
Citigroup Inc. is scheduled to report earnings before Monday’s open. Citigroup’s stock hit a split-adjusted record high of $570/share in 2006 and is currently trading near $67/share. The stock can easily gap up if the numbers are strong or gap down if the numbers disappoint. To help you prepare, here is what the Street is expecting:
Citigroup is expected to earn $1.78/share on $18.71 billion in revenue. Meanwhile, the so-called Whisper number is $1.84. The Whisper number is the Street’s unofficial view on earnings.
Company Profile & Various Businesses:
Here is a brief company profile courtesy of Thomson Reuters Eikon:
Citigroup Inc. (Citi), incorporated on March 8, 1988, is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company’s global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Citicorp consists of the operating businesses, including Global Consumer Banking (consists of consumer banking businesses in North America, Latin America (consisting of Citi’s consumer banking businesses in Mexico) and Asia), and Institutional Clients Group (which includes Banking and Markets and securities services).
Citigroup competes with just about ever big financial institution on the planet including but not limited to: JPMorgan Chase, Goldman Sachs, Morgan Stanley, and UBS, just to name a few.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.