Citigroup CEO testifies before Senate, faces challenges in earnings due to reliance on fixed income trading

From CNBC: 2025-04-15 07:30:00

Jane Fraser, CEO of Citigroup, testified before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C. Citigroup is set to report first-quarter earnings with Wall Street expecting earnings of $1.85 per share and revenue of $21.29 billion. The bank may face challenges due to its heavy reliance on fixed income trading compared to equities. Competitors like JPMorgan Chase and Morgan Stanley outperformed in equities trading revenue. Citigroup’s shares have fallen 10% this year amid concerns over President Trump’s tariff policies. Stay tuned for updates on this developing story.



Read more at CNBC:: Citigroup (C) earnings Q1 2025