Today Anand discusses the upcoming earnings report (Monday, July 16, before market open) for banking giant Citigroup.
Citi's many different facets make it probably the toughest bank to keep a bead on, but analysts do expect an EPS of $0.92 for the second quarter, down from $1.09 for last year's second quarter.
More than the other big U.S. banks, including JPMorgan, Bank of America, and Wells Fargo, Citigroup has a true global presence. That's great in theory, but it also means we'll want to keep an eye on Citi's operations in Europe, where it does around 20% of its business.
In the video below, Anand explains what he'll be keeping an eye on at Citigroup.
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Anand Chokkavelu owns shares of Bank of America, Citigroup, Wells Fargo, and JPMorgan Chase. He also owns long-dated options on Bank of America and warrants on Citigroup, Wells Fargo, and JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. The Fool owns shares of and has created a covered strangle position in Wells Fargo. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.