Citigroup Inc. (NYSE:C) is set to announce second quarter earning results on Tuesday 14th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, C to report 2Q20 income of $ 0.28 per share.
For the full year, analysts anticipate top line of $ 73984.30 million, while looking forward to income of $ 3.02 per share bottom line.
Previous Quarter Performance
Citigroup Inc. recorded income for the first quarter of $ 1.05 per share, from the total revenue of $ 20,731.00 million. The quarterly earnings contracted 43.85 percent while revenues surged 11.60 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.04 per share from $ 19006.20 million in revenue. The bottom line results topped street analysts by $ 0.01 or 0.96 percent, at the same time, top line results outshined analysts by $ 1,724.80 million or 9.07 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of C was $ 52.20, representing a 63.13 % increase from the 52 week low of $ 32.00 and a 37.19 % decrease over the 52 week high of $ 83.11.
The company has a market capital of $ 108.67 billion and is part of the Financial Services sector and Banks – Global industry.
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Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.51 per share to holders of record as of the close of business on May 4, 2020, with payment date of May 22, 2020 and ex-dividend date on May 1, 2020.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
