Second-quarter earnings for Citigroup will soon be announced.

Second-quarter earnings for Citigroup will soon be announced.
Second-quarter earnings for Citigroup will soon be announced.
  • Analysts will closely scrutinize CEO Jane Fraser's long-standing efforts to address Citigroup's regulatory shortcomings, following the bank's recent reprimand for failing to address these issues.
  • Fraser unveiled plans to streamline the organizational structure and cut expenses at the third-largest U.S. bank based on assets.
  • If the bank fails to address regulators' concerns about its data and risk management, earnings will be negatively impacted.

is scheduled to report second-quarter earnings before the opening bell Friday.

Here's what Wall Street expects:

  • Earnings: $1.39 a share, according to LSEG
  • Revenue: $20.1 billion, according to LSEG
  • Provision for credit losses: $2.61 billion, according to StreetAccount
  • According to StreetAccount, the company's trading revenue is $4.77 billion, with fixed income at $3.57 billion and equities at $1.20 billion.

Analysts will closely scrutinize CEO Jane Fraser's long-standing efforts to address Citigroup's regulatory shortcomings, following the bank's recent reprimand for failing to address these issues.

If the bank fails to address regulators' concerns about its data and risk management, earnings will be negatively impacted despite plans to streamline management and cut costs.

reported results earlier Friday, while and report next week.

This story is developing. Please check back for updates.

by Hugh Son

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