Citigroup earnings are coming — here's what Wall Street expects

The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco.

David Paul Morris | Bloomberg | Getty Images

The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco.

Citigroup is set to report third-quarter earnings on Thursday. Here's what Wall Street is expecting from the banking giant:

  • EPS: $1.32 expected by a Thomson Reuters survey
  • Revenue: $17.896 billion expected
  • Fixed income trading: $2.84 billion projected by StreetAccount
  • Net interest income: $11.38 billion expected
  • Loans: $651.43 billion
  • Deposits: $966.06 billion

Shares of Citigroup have risen 26 percent this year, easily outperforming the broader market. The S&P 500 has gained 14 percent in 2017.

93f9693d19.jpg

Citigroup's stock has also outperformed those of other big banks. Shares of JPMorgan Chase and Bank of America are up 11.9 percent and 16.9 percent, respectively.

John Heagerty, research analyst at Atlantic Equities, said in a note last month the stock could see further gains.

"We believe the combination of an inexpensive valuation, substantial capital return, declining cost to income ratio and rising ROE should deliver above peer-group share price performance for C over the next 12-18 months," Heagerty said.

Citigroup could also benefit from tighter monetary policy in the near future. The Federal Reserve signaled a December rate hike in the summary of its Sept. 20 meeting.

Earlier Thursday, JPMorgan reported third-quarter earnings that beat Wall Street estimates. However, the bank also reported a large drop in bond trading revenue.

CNBC

Get the latest news delivered to your inbox

Follow us on social media networks