Citigroup is set to report its third-quarter earnings on Tuesday, with investors eager to hear updates on CEO Jane Fraser’s turnaround plan. Analysts expect earnings per share of $1.31 and revenue of $19.84 billion. Fraser, who took over in March 2021, has focused on slimming down the bank, reducing its global presence and laying off workers. In the second quarter, investment banking and equities trading were bright spots for the bank. Shares of Citigroup have risen more than 28% year to date through Monday, outperforming both the S&P 500 and the financial sector.
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