Citigroup earnings Q2 2017

David Paul Morris | Bloomberg | Getty Images

The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco.

Citigroup is slated to report second-quarter results Friday. Here’s what Wall Street is expecting from Citigroup’s results:

• EPS: $1.21 expected by Thomson One analysts’ consensus.
• Revenue: $17.367 billion expected by Thomson One.
• Fixed income, commodities and currencies (FICC): $3.01 billion expected by StreetAccount .

Shares of Citigroup have risen more than 15 percent over the past month, boosted by a sharp jump in sovereign bond yields and positive stress test results from the Federal Reserve.

Citigroup shares over past month

Source: FactSet

The benchmark 10-year note yield has jumped from approximately 2.2 percent to 2.33 percent. The move higher was triggered by hawkish rhetoric from officials at the Fed and the European Central Bank.

The Fed has signaled it intends to start unwinding its massive $4.5 trillion balance sheet later this year. The central bank is also expected to raise interest rates once more this year. The ECB, meanwhile, has hinted at the possibility of tapering its quantitative easing program sometime next year.

The bank’s stock also benefited from the Fed approving stock repurchase programs for all the major U.S. banks. The Fed’s blessing led to Citi announcing its biggest buyback program ever and to double its quarterly dividend.

Citigroup’s first-quarter results topped analysts’ expectations, helped by a jump in bond trading.

Earlier Friday, JPMorgan Chase reported earnings that handily beat analysts’ estimates. PNC Financial Services earnings also topped analysts’ expectations. Wells Fargo is scheduled to report earnings later in the morning.

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