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What to watch for in Citigroup's Q2 results

Investors will look for these three events to possibly influence the bank's Q2 earnings report.

Trader looking at Citigroup Q2 earnings Source: Bloomberg

Citigroup's Q2 earnings will be closely watched as the bank kicks off earnings season. Investors can look for these three vital factors when Citigroup’s Q2 earnings report is released July 15.

Analysts expect higher Citigroup Q2 earnings and revenue

According to Zacks’ Equity Research, Citigroup Q4 earnings per share are expected to be $1.82. Citigroup’s Q2 revenue is expected to be $18.52 billion, up 0.3% from Q2 2018.

Citigroup has beaten earnings estimates over the last four quarters. Zacks’ Equity Research expects Citigroup’s Q2 earnings to surpass expectations again. Chief financial officer (CFO), Mark Mason, said he expected a better Q2 earnings report after a mixed Q1 earnings report.

‘Looking to the second quarter, we [Citigroup] expect to return to year-over-year revenue growth. We do not expect to see the same magnitude of seasonal decline in revenues we typically see from the first quarter to the second quarter,’ said Mason.

Citigroup shareholders get higher dividend payout

Citigroup stockholders should expect a large dividend payout. Forbes reports that Citigroup will return $21 billion to its shareholders over the next year. Citigroup will increase its dividend payout to stockholders by 13% to $0.51 a share as part of its capital return plan. Though the payout is after Q3 earnings, shareholders will watch the Q2 earnings to see if the bank’s profits will justify future high dividend payments.

Personnel changes and restructuring may affect Citigroup’s Q2 profits

Citigroup has been through major management upheaval over the past year. The bank’s investment chief, Jamie Forese, left the corporation in April and was replaced by Paco Ybarra. The bank also added personnel from rival banks to its investment banking sector to attract more clients. Citigroup also consolidated its corporate lending and mergers-and-acquisitions advisory divisions.

Citigroup chief executive officer (CEO), Michael Corbat, spoke about the management and restructuring changes in the corporation.

‘Our leadership team has undergone a good deal of change over the last year. While we will miss the experience and counsel of those who have moved on, I believe that change is healthy and creates new opportunities for our firm and our people,’ noted Corbat.

Investors will monitor Citigroup’s Q2 earnings to see if the shake-ups helped the company’s profits.

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