Citigroup
is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been.
Like most of its peers, Citigroup (ticker: C) is expected to post a drop in profits in the fourth quarter of 2022 as deal making fell off sharply at the major banks compared with the year-ago quarter. Analysts surveyed by FactSet project the bank will see revenue of $17.9 billion compared with $17 billion from a year earlier. Earnings, however, are forecast to be $2.3 billion, or $1.14 per share, down from $3.2 billion last year.
