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What’s Driving Citigroup in 2018?

Robert Karr
What’s Driving Citigroup in 2018?

Citigroup (C) has managed strong growth in recent quarters and has beaten Wall Street estimates in the past seven quarters. The bank is focusing on core operations including lending, asset management, and trading activity. In 2Q18, it’s expected to post EPS of $1.58 compared to $1.28 in the prior-year quarter. The growth will likely be supported by a 3.9% rise in revenues, lower spending, and lower tax rates.