Headline News & Information

Citigroup Inc. is a diversified financial services holding company that provides
a broad range of financial services to consumer and corporate customers Bloomberg)

US banks enter earnings season with eyes on loan growth (12 Jul 2021,
Financial Times)

JPMorgan and Goldman kick off earnings season on 13 July, followed by
BofA , Citi and Wells on 14 July, and Morgan Stanley on 15 July

Average quarterly EPS are expected to jump 116% YoY at the top six
banks in the US, according to analyst forecasts compiled by FactSet

However, much of the improvement reflects the anticipated release of
billions of dollars in reserves lenders had set aside to cover potential
loan losses. Revenues are expected to fall 5%, according to FactSet, the
result of slowing capital markets activity and tepid loan demand

Citigroup’s 2Q adjusted revenue estimate US$17.28 billion ; 2Q EPS
estimate US$1.94 (Bloomberg

Citigroup to exit Venezuela with agreement to sell unit to BNC (13 Jul 2021,
Bloomberg)

Citigroup plans to exit Venezuela by selling its remaining business
there, ending more than a century of operating in the country

Citi agreed to sell the unit to Banco Nacional de Credito and expects to
complete the deal in coming weeks

Citigroup to maintain 51 cents per share dividend, share repurchases (29 Jun
2021, Reuters)

Citigroup said it expects to continue with its planned quarterly
common dividend of at least 51 cents per share, announced in April 2021.The bank also expects to continue with its share repurchases.