Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Citigroup share price: 4 things to watch for in Q1 results

The US bank has to address four factors before its Q1 earnings report.

Chart Source: Bloomberg

Citigroup share price could be influenced by its Q1 results. Citigroup Q1 revenue could be influenced by these four factors.

Will lowered expectations hurt Citigroup’s Q1 results?

The bank’s chief financial officer, Mark Mason, lowered expectations for Citigroup’s Q1 earnings after a mixed Q4 revenue report. Mason offered weak guidance for Citigroup’s Q1 earnings despite the recovery from low earnings in late 2018 because of the volatility on Wall Street.

‘We've started to see markets stabilize and trade higher, but we haven't yet seen a full recovery from a year ago,’ said Mason.

He also noted that earnings may be down by quarter, but expected year-by-year growth.

‘Quarter-over-quarter they're likely to be down, but year-over-year we expect there to be higher revenues, especially in M&A and investment grade debt issuance,’ added Mason.

The lowered guidance for Citigroup’s Q1 earnings could impact the bank’s revenue.

Could digital wallets increase Citigroup’s Q1 revenue?

While Citigroup has weaker-than-expected expectations for its earnings, Citigroup’s Q1 profits could be improved by an electronic wallet that competes with Apple Pay. The bank will offer customers a digital payment system that can be accepted by more merchants.

‘Digital payments are rapidly growing, and there’s a need for bank-grade technology, said Manish Kohli, Citigroup’s global head of payments and receivables.

Kohli added that the payment service is also ‘about giving choice and control to consumers to stay with whatever method of payment they like’.

Kohli also promised that the bank will establish relationships with business owners to make it easier for the bank’s customers to make purchases.

‘We will manage all the relationships,’ said Kohli.

The universally accepted digital wallet for clients could help increase Citigroup’s Q1 earnings.

Could Venezuela affect Citigroup’s Q1 earnings?

Citigroup’s Q1 results could be impacted by its connection to the political turmoil in Venezuela. Last month, the corporation announced it will sell tons of gold the bank received from the Venezuelan central bank as collateral on a $1.6 billion loan.

Venezuela’s bank missed a deadline to pay back the loan, so the bank took possession of the commodity. Citigroup’s Q1 profits could be impacted by a possible $1.5 billion sale of the Venezuelan gold.

Will the Hong Kong banker scandal impact Citigroup’s Q1 profits?

Citigroup’s Q1 revenue could be influenced by a scandal involving Hong Kong. Eleven bankers were disciplined after misconduct allegations. The bank noted the termination of eight of the employees in a statement.

‘A review of Hong Kong-based cash equities execution identified personal conduct that did not meet our standards and we have taken appropriate action,’ said Citigroup.

The bank has a large presence in Asia and this latest debacle could negatively impact Citigroup’s Q1 earnings.

Citigroup’s Q1 revenue report will be one of many investors will watch to see if banks will have a positive earnings season.


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.