Citigroup Inc. (C) is set to unveil its fiscal 2023 fourth quarter financial results on January 12. Analysts predict a 4% year-over-year revenue increase to $18.72 billion. However, the company's EPS is projected to decline by 34.3% from the corresponding period last year, reaching $0.76.
Meanwhile, C is poised to launch its exclusive China investment banking unit by year-end, intending to recruit approximately 30 personnel for initial operations. The Wall Street institution envisions potential expansion, with ambitions to triple the unit's workforce to nearly 100, emphasizing a focus on the burgeoning domestic capital market.
