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Here's What to Look for When Citigroup Reports Earnings

Citigroup (C - Get Report) reports first quarter earnings on Friday before the markets open.

Analysts expect the New York-based bank to report net income of $1.03 per share on sales of $17.46 billion. During the same quarter last year, the bank posted earnings of $1.51 per share with revenue of $19.81 billion.

"Citigroup's capital markets business has traditionally been a little more volatile than JPMorgan Chase's (JPM - Get Report) business, so it'll be interesting to see how Citi is hit by the unfortunate trading environment in the first quarter," said Morningstar senior equity analyst Jim Sinegal, based in Chicago.

Sinegal also said Citigroup is unique among the major U.S. banks...