One key area that investors will be looking for is how Citigroup changes its allowance for loan losses.
reported rising net income and better-than-expected revenue for the first quarter, boosting its stock in premarket trading Friday.$4.6 billion in net income versus $4.3 billion in the same period last yearCitigroup reported earnings of $2.19 per share for the quarter. It was not clear how comparable that number is to estimates, but it appeared to be a solid beat.
The bank's deposit flows are likely to be a key topic on the call with shareholders and analysts. After the failure of Silicon Valley Bank and Signature Bank last month, many expect that largest banks will have higher deposits from customers who pulled their money out of regional banks.Investors will also be looking for more information about CEO Jane Fraser's turnaround plan.
As of Thursday, Citigroup's stock was up more than 4% year to date, which was outperforming some of its key peers like JPMorgan Chase and Bank of America.
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