The bank doesn't see a pickup in Canada until later this year
Wealth management earned $240 million, up from $159 million a year earlier
Firm announces bid to repurchase up to $85 million of its shares
In Canada, assets under management were up 3% in 2023
Net earnings were down for the company's Canada segment
The firm's Canadian wealth management business generated $77 million in third-quarter revenue
Adjusted net income estimated to drop 30% from previous year
Citigroup said Friday that it's cutting 20,000 jobs, roughly 10% of its workforce
Earnings expectations will need to account for a changing environment
Bank cuts 2% of staff, will revamp its strategic plan