Andrew Harrer | Bloomberg | Getty Pictures
Pedestrians stroll previous a Citibank branch in Washington, D.C.
Citigroup reported mixed initially-quarter benefits on Monday, with its earnings topping expectations when its general income missed.
Here’s how the company’s benefits measured up to analyst forecasts:
- Earnings: $1.87 per share vs $1.80 anticipated by Refinitiv
- Income: $18.576 billion vs $18.634 billion forecast
- Fixed-revenue, currencies and commodities (FICC) trading income: $three.452 billion vs $three.05 billion anticipated by StreetAccount
- Equities trading: $842 million vs $930 million
- Investment banking income: $1.354 billion vs $1.two billion forecast
Citigroup fell .7% in the premarket immediately after the banking giant released its benefits.
The benefits will comply with the retirement of President Jamie Forese, who was viewed as a prospective successor to CEO Michael Corbat. Citigroup announced Forese’s retirement on Thursday.
Citigroup shares have been on fire this year, rallying practically 30% in that time period. The stock is also outperforming peers like J.P. Morgan Chase, Wells Fargo, Morgan Stanley, and Bank of America.
J.P. Morgan and Wells Fargo each reported quarterly earnings on Friday that topped analyst expectations. Shares of J.P. Morgan rallied on the news, when Wells Fargo dropped on a profit warning from its CFO.
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