Citigroup Inc

NYSE:C   3:01:08 PM EDT
+0.59 (+1.38%)
Layoffs, Earnings Announcements

Citigroup Inc Says As Part Of Wind-Down, Citi Will Also Continue To Actively Pursue Sales Of Certain Russian Consumer Banking Portfolios

Published: 08/25/2022 11:59 GMT
Citigroup Inc (C) - Citigroup Inc - As Part of Wind-down, Citi Will Also Continue to Actively Pursue Sales of Certain Russian Consumer Banking Portfolios.
Citigroup Inc - Has Decided to Wind Down Its Consumer Banking and Local Commercial Banking Operations in Russia.
Citigroup Inc - Actions to Facilitate Wind-down Are Expected to Commence This Quarter.
Citigroup Inc - Expects to Incur Approximately $170 Million in Costs, Primarily Over Next 18 Months.
Citigroup Inc - Wind-down is Expected to Affect Approximately 2,300 Employees and 15 Branches.
Citigroup Inc - Consumer Products and Channels Affected by Wind-down Include Deposits, Investments, Loans and Cards.
Revenue is expected to be $18.51 Billion
Adjusted EPS is expected to be $1.55

Next Quarter Revenue Guidance is expected to be $18.2 Billion
Next Quarter EPS Guidance is expected to be $1.38

More details on our Analysts Page.