Citigroup Inc. (NYSE: C) is first to report earnings this week. Net income is expected to come in at a profitable $0.06 per share, with the high estimate being $0.09. The giant US bank is also expected to have $21.15 billion in revenue.
Investors are also looking for clarification on mortgage scandals and how much it could affect the bank.
A positive outlook for the downbeat sector should help turn the tides. Citigroup has held in there at $3.95 per share as the banking sector takes a hit, but also as the government sells its stake in the company.
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