Citigroup Inc

NYSE:C   1:10:51 PM EDT
54.20
+1.50 (+2.85%)
Earnings Announcements

Axis Bank Exec Says Combined AUM Of Wealth Franchise Will Increase By 42%

Published: 03/30/2022 13:15 GMT
Citigroup Inc (C) - India's Axis Bank Exec Says Around 3,500 Employees From Citigroup Are Expected to Join Axis Bank.
Axis Bank Exec Says Post Tax Integration Cost Will Be 15 Billion Rupees Over Period of Two Yrs.
Axis Bank Exec Says Combined Aum of Wealth Franchise Will Increase by 42%.
Axis Bank Exec Says Combined Casa Ratio Will Increase by 200 Bps.
Axis Bank Exec Says Will Try to Ensure That Customer Attrition is Kept to a Minimum.
Axis Bank Exec Says Technology Integration is a Challenge and It May Take Time.
Axis Bank Exec Says We Believe That the Transaction is Nim Accretive for Us.
Axis Bank Exec Says No Material Impact on Cost of Funds Due to Acquisition.
Axis Bank Exec Says Don't Expect Large Overlap With Citi Credit Card Customers.
Axis Bank Exec Says Capital Adequacy Ratio Will Come Down by 180 Basis Points With Purchase Consideration Amount Due to Citibank.
Further Company Coverage: Axbk.
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Revenue is expected to be $18.22 Billion
Adjusted EPS is expected to be $1.63

Next Quarter Revenue Guidance is expected to be $18.06 Billion
Next Quarter EPS Guidance is expected to be $1.61

More details on our Analysts Page.