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The Citibank building in Canada Square at the heart of Canary Wharf financial district in London on May 7, 2024.Mike Kemp | In Pictures | Getty ImagesCitigroup is set to report its third-quarter earnings before the opening bell on Tuesday, as investors will get the latest updates about the progress of CEO Jane Fraser's turnaround plan.Here are the results expected by Wall Street analysts, according to LSEG.Earnings per share: $1.31Revenue: $19.84 billionFraser took over in March 2021 and has focused on slimming down the bank during her tenure. That includes reducing Citigroup's global presence and laying off workers.Investment banking and equities trading were two bright spots for the bank in its second-quarter earnings report, released in July.Shares of Citigroup were up more than 28% yea...

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | ReutersBank of America is scheduled to report third-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings:  77 cents a share, according to LSEGRevenue: $25.3 billion, according to LSEGNet Interest Income: $14.06 billion, FTE basis, according to StreetAccountTrading Revenue: Fixed income of $2.74 billion, Equities of $1.81 billion, according to StreetAccountHow quickly will Bank of America benefit from falling interest rates?That's a key question after the lender signaled in July that a rebound in net interest incom...

In Japan's biggest initial public offering in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Miho Uranaka | ReutersTokyo Metro's initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam.In Japan's biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday.Reuters had reported, citing two sources familiar with the matter, that the IPO was more than 15 times oversubscribed. The stock is expected to be listed on the Tokyo Stock Exchange on Oct. 23."Everybo...

Jasper Juinen | Bloomberg | Getty ImagesThe Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan.Shares of the Dutch bank traded 1.2% lower at the market open and was last down 0.6% as of 9:15 a.m. London time.The Dutch government, which currently holds a 40.5% interest in ABN Amro, announced via its investment vehicle firm NLFI that it will sell shares using a pre-arranged trading plan set to be executed by Barclays Bank Ireland.ABN Amro was bailed out by the state during the 2008 financial crisis and later privatized in 2015. The government started reducing its shareholding in the firm last year.The banking sector has been in the spotlight of late, after UniCredit's move to take a stake in German lender Commerzbank sparke...