tradingigbtc

What To Expect From Citigroup On Tuesday

Citigroup Inc.
C
 is scheduled to report earnings before Tuesday’s open. Citigroup’s stock hit a split-adjusted record high of $570/share in 2006 and is currently trading near $45/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:

Earnings Preview:

Citigroup is expected to earn $1.01/share on $17.12 billion in revenue. Meanwhile, the so-called Whisper number is $1.02. The Whisper number is the Street’s unofficial view on earnings.

Company Profile & Various Businesses:

Citigroup Inc., a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment offers wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2019, it operated 2,348 branches primarily in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

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.

Source Article