Revenue segments as reported by the company.

Institutional Clients Group

Personal Banking and Wealth Management

Legacy Franchises

Services

Markets

Banking

U.S. Personal Banking

Wealth

All Other—managed basis

Reconciling Items—Divestiture-related impacts

Global Consumer Banking

Corporate / Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provisions for credit losses and for benefits and claims

Compensation and benefits

Premises and equipment

Technology / communication

Advertising and marketing

Other operating

Restructuring

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Citigroup

Banamex is the second largest bank in Mexico.

Banamex

Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets, and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Citigroup reports steady Q4 earnings, focuses on strategic transformation

Citigroup's Q4 2022 performance showed steady net income and revenue growth, with a focus on strategic priorities and transformation efforts. Challenges in investment banking and wealth management are being addressed through cost reduction and technology investments. Opportunities for growth exist in wealth management strategies and market improvements.

Citigroup reports robust Q1 earnings, eyes growth amidst uncertainties

Citigroup's Q1 2023 earnings call showcased strong financial performance, emphasizing growth in core businesses and positive prospects in Wealth Management. While facing global uncertainties and interest rate challenges, the company focuses on investments in modernization and growth opportunities in key markets. Citigroup aims for sustainable growth through strategic initiatives and prudent risk management.

Citigroup reports mixed Q2 results, focuses on revenue stability

Citigroup's Q2 performance showed mixed results with strong revenue growth in key segments but challenges in expenses and Investment Banking
The focus on steady revenues, cost reduction, and simplification efforts presents opportunities for improving returns and capital management
Client sentiment remains cautious amidst global uncertainties, with a strategic shift towards efficiency and innovation in response to market dynamics
Balancing capital adjustments, expense management, and client needs will be crucial for Citigroup's future growth and resilience

Citigroup reports solid Q3 earnings, focuses on revenue growth

Citigroup's Q3 results reflect strong revenue growth and strategic focus on capital optimization.
Despite challenges in organizational restructuring and capital requirements, the company is optimistic about revenue growth targets.
Investments in innovation and client relationships position Citigroup for future success in various business segments.
The company's commitment to efficiency and transparency underscores confidence in achieving long-term targets.

Citigroup reports record performance in 2023, outlines strategic priorities

Citigroup made strategic accomplishments in 2023 despite Q4 challenges, focusing on 2024 priorities.
The company is committed to transparency, accountability, and delivering results to shareholders.
Balancing near-term profitability improvements with future growth investments is a key focus for Citigroup.
Optimism in achieving long-term targets through expense reduction, revenue growth, and operational improvements.

Citigroup reports solid Q1 earnings, navigates challenges with strategic focus

Citigroup's Q1 earnings call showcased a mix of strong performance, strategic initiatives, challenges, and opportunities. The company's focus on cost management, revenue diversification, and enhancing client experience positions it well for future growth and profitability amidst a dynamic economic environment.

Citigroup reports robust Q3 earnings, eyes IPO readiness and compliance

Citigroup's Q3 performance showcased revenue growth, expense discipline, and progress in regulatory compliance, with a focus on optimizing shareholder value and market opportunities.
While facing challenges in Fixed Income revenues and regulatory reporting, the company aims to capitalize on opportunities in stock buybacks, IPO readiness, and client asset growth.
Overall, Citigroup's strategic initiatives position it well for sustained growth, profitability, and shareholder value creation, underpinned by a commitment to operational excellence and regulatory transparency.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

AbbVie

Bristol-Myers

Enterprise Products Partners

Intel

MPLX

Prudential Financial

Simon Property Group

SPDR S&P 500 ETF Trust

AT&T

Vanguard Value ETF

Vanguard Growth ETF

W. P. Carey

At the end of 2020, we showcased a list of 10 undervalued income stocks for 2021. Looking back, we see that the performance, on average, has been great so far. In this report, we examine the reasons for that and will look at whether all 10 are still strong buys today.

Top 10 Undervalued Income Stocks For 2021 - Value Beats Growth

Citi Group said on Friday that it hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity strategy, according to an announcement on the bank's website.

Citi hires Goldman's chief diversity officer

After around a 100% rally since the March 23 lows of last year, at the current price near $70 per share, we believe Citigroup's stock has achieved its near-term potential. Citigroup, a leading global financial services holding company that does business in over 160 countries, has seen its stock.

At $70, Citigroup Stock Doesn't Have Much To Offer

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

The Federal Reserve will end its restrictions on bank dividends and buybacks for most institutions on June 30 as long as they pass the current round of stress tests, the central bank announced Thursday.

The Fed will lift restrictions on dividends and buybacks for most banks after June 30

Despite the dire economic scenario, banks proved resilient during the crisis.

Bank Stocks Rally as Fed Sets End for Capital Return Restrictions

The restrictions will end as long as banks' capital levels remain above their regulatory requirements following this year's stress testing.

Fed to End Restrictions on Bank Dividends and Share Repurchases on June 30

The Federal Reserve said temporary limits on dividend payments and share buybacks will end for most banks after June 30, following the completion of annual stress tests to determine their resilience to a hypothetical downturn.

The Wall Street Journal: Fed says limits on payouts, share buybacks to end for most banks after June 30

Big U.S. banks are on track to produce blockbuster first-quarter profit gains, but enthusiasm might fade when investors look under the hood.

U.S. bank profits may leap, then fade, as investors look under the hood

Blackrock Inc

Janet Yellen and Elizabeth Warren argue whether asset managers, particularly BlackRock (BLK), be tagged as SIFIs like JPMorgan (JPM), Citigroup (C) and Bank of America (BAC).

Should Asset Managers Like BlackRock be Under Higher Scrutiny?

Citigroup (C) provides wealth management clients a fully digital user experience, from opting into the program through managing their lending.

Citi (C) Partners With Sharegain, Bolsters Digital Offerings

Bank stocks could jump as much as 45% on various macroeconomic factors, from a steepening yield curve to attractive relative valuation that supports the sector's outperformance, according to Morgan Stanley. In a note published on Wednesday, the bank listed five factors that could drive the cohort higher, especially on the expectation of a rotation to value stocks rotation continuing in the near term.

Bank stocks could jump 45% on rising bond yields and attractive relative value, Morgan Stanley says

Let's see if Citigroup Inc. (C) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is Citigroup (C) a Suitable Stock for Value Investors Now?

With these bank stocks up between 90% and 128% over the last 12 months, it's time to take profits.

Time To Take Profits On These Big Banks

Large-cap bank stocks have the headroom to rise 21% as buy-rated lenders benefit from repairing in the US economy from the COVID-19 health crisis and an accompanying increase in borrowing rates, says Bank of America. In a note published Tuesday, BofA increased its price objectives on banks by 11%, outlining a 21% implied upside for larger companies and a 20% upside for small and mid-cap banks. It pointed out that the KBW Nasdaq Bank Index has gained more than 50% since early November when Pfizer announced the creation of a coronavirus vaccine and is up about 20% so far in 2021. "[But] we think the sector has room to run," said BofA.  Among the calls, the target on JPMorgan Chase shares was pushed up to $181 from $163, with a potential gain of 20% from Monday's close at just below $151. The "economic recovery is fast gaining steam, and will be likely turbocharged by the recently passed $1.9 trillion stimulus plan," said BofA analysts led by Erika Najarian in a note about the higher price objectives. Also, BofA's rates strategists have upwardly revised their year-end forecast on the 10-year Treasury yield to 2.15% from 1.75%.  The US government has been sending $1,400 checks to most Americans as part of the stimulus package. Bank of America foresees 2021 economic growth of 6.5% with an upward bias. Meanwhile, investors pricing in the potential for hotter inflation stoked by economic growth have propelled the 10-year yield to 14-month highs, past 1.7%. The 10-year yield and other long-dated Treasury yields are tied to mortgages, auto loans and other lending programs and banks can earn more from loans as those rates increase. Wells Fargo's price objective was lifted to $43 from $39, indicating a 10% increase from Monday's settlement  Citigroup's target was unchanged at $100 but still implies a 39% gain.  BofA said banks during recent conversations ahead of their quiet period before earnings, "suggest a continued upward bias to consensus estimates," even though there are expectations for "softer net interest income trends" in the first quarter. That view stems from stronger liquidity levels "as solid deposit growth continues to outpace loan growth near-term." "It's early in the bank renaissance," said BofA. "Perhaps the most important takeaway to emerge from the economic shock of the pandemic is that it finally proved that banks had transformed themselves from the Global Financial Crisis, with all banks under coverage remaining profitable for full-year 2020, even with an accelerated increase in loan loss reserves," the analysts said. "This should effectively lower the cost of equity the markets assign to banks in recovery."

Big bank stocks could rise by another 21% in a 'renaissance' for the sector supported by economic recovery, says Bank of America (C, JPM, WFC)

Citigroup is launching "Zoom-Free Fridays" as a way to help the bank's burned-out employees cope with stress a year into the pandemic.

Citi launches Zoom-Free Fridays, but there's a catch

Citigroup has banned internal Zoom calls on Fridays in an effort to stop staffers from running themselves ragged while they work from home. Jane Fraser, the megabank's newly minted CEO, announced the “Zoom-Free Fridays” policy in a company memo alongside other measures aimed at addressing “the relentlessness of the pandemic workday.

Citigroup CEO Jane Fraser bans Friday Zoom calls to combat COVID burnout

In a move to combat fatigue triggered by remote working during the COVID-19 pandemic, Citigroup Inc has declared "Zoom-Free Fridays" and encouraged employees to limit calls outside work hours.

Zoom to zen - Citi unveils Zoom-free Fridays to beat remote working stress

The Citigroup memo comes the day after Goldman CEO David Solomon was forced to address his staff after an internal survey of first-year analysts went viral.

Citigroup CEO Jane Fraser calls for Zoom-Free Fridays and new bank holiday as pandemic fatigue grows

Financial Select Sector SPDR Fund

SPDR S&P Bank ETF

Bank stocks dropped Monday, with a widely watched bank ETF pulling further away from a 13-year high as borrowing costs tracked by the 10-year Treasury yield edged lower. Bank stocks in recent sessions have been gaining as the 10-year Treasury yield and other long-dated yields rise while investors price in expectations of stronger inflation as the economy recovers from the COVID-19 pandemic. Banks seeking to lend money can see interest income improve when long-dated yields rise.

Bank stocks tumble as yields falling from 14-month high pause interest-income optimism (KBE, WFC, C, BAC, JPM)

U.S. equity futures are trading mixed early Monday hours before the opening bell on Wall Street.

US stocks mixed as Fed moves to restore big bank's capital requirements

After the abrupt drop in rates last year, a rise in short- or long-term rates significantly boosts net interest income.

1 Reason Large Banks Are Well Positioned Right Now

Invesco KBW Bank ETF

4:05pm: US equities end mixed on Fed news US stocks ended a mixed session with the DJIA falling more than 200 points after a Federal Reserve's decision to not extend a pandemic-era capital break for banks. The central bank's move stoked a rise in bond yields and a sell-off in financial stocks.

US stocks end mixed session after Federal Reserve decision to not extend pandemic-era capital break for banks

Investors will be closely watching demand for U.S. government securities in the coming months after the Federal Reserve declined to extend pandemic-related regulatory relief for big U.S. banks, which means they may need to raise capital against holdings of U.S. Treasuries and central bank deposits.

Bank demand for Treasuries in focus after Fed ends regulatory break

The central bank had exempted safe assets from a crucial regulatory requirement, in a bid to keep markets chugging last year.

Fed Lets Break for Banks Expire but Opens Door to Future Changes

An expiration of regulatory relief may not matter as much for the Treasury market as investors might fear. Smaller banks could get a boost.

News for Citigroup Stock (C)