Citigroup Earnings Expected to Drop 28%
Citigroup earnings are due Tuesday morning, and they’re expected to show a 28% decline in quarterly earnings from a year ago as lower interest rates crimp profits and the bank continues to work through an expensive turnaround plan overseen by Chief Executive Jane Fraser and her new leadership team.
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Bank must spend to fix the areas where regulators require faster progress, complicating efforts to bring costs down ...
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