Citigroup reports Q2 earnings at 8 AM ET, with the street watching whether its restructuring is actually working and whether management can hold the gains other banks just showed.
Citigroup :
C
C
Stock Data
$134.89
$1.62 (1.22%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - DIVERSIFIED
Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions. The Markets segment offers sales and trading services for equities, foreign exchange, rates, spread products, and commodities to corporate, institutional, and public sector clients; and market-making services, including asset classes, risk management solutions, financing, prime brokerage, research, securities clearing, and settlement. The banking segment includes investment banking; advisory services related to mergers and acquisitions, divestitures, restructurings, and corporate defense activities; and corporate lending, which includes corporate and commercial banking. The U.S. Personal Banking segment provides co-branded cards and retail banking services. The Wealth segment provides financial services to high-net-worth clients through banking, lending, mortgages, investment, custody, and trust product offerings; and to professional industries, including law firms, consulting groups, accounting, and asset management. The company was founded in 1812 and is headquartered in New York, New York.
Latest Activity
JPMorgan, Goldman Sachs, Citigroup, and Bank of America all report Tuesday morning. Expect street-moving guidance on net interest margins and loan growth after a volatile first half for rates.
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