Citigroup Inc. (NYSE: C) is expected to release earnings results for its fourth quarter before the opening bell on Jan. 12, 2024.
Analysts expect the New York-based bank to report quarterly earnings at 88 cents per share on revenue of $18.80 billion, according to data from Benzinga Pro. On Wednesday, BMO Capital analyst James Fotheringham downgraded Citigroup from Outperform to Market Perform, while HSBC upgraded the stock from Hold to Buy on Tuesday.
Citigroup reportedly plans to launch its fully-owned China investment banking unit by the close of this year and aims to recruit approximately 30 individuals for the venture.
With the recent buzz around Citigroup, some investors may be eyeing potential gains from the company’s dividends too. As of now, Citigroup offers an annual dividend ...