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

Citigroup plans to bolster the headcount in its India investment banking unit, betting on a surge in equity capital market and M&A deals in one of the world's fastest growing economies, a top country executive said.

Citi to boost investment banking headcount in India betting on deals surge

Caterpillar

Darden Restaurants

Goldman Sachs

Jefferies Financial Group Inc

Kroger

Schwab US Dividend Equity ETF

Dividend stocks are a powerful multiplier. Not only do investors benefit from capital appreciation from the stock but their portfolios are supercharged by the dividend payments increasing total returns.

7 Dividend Stocks That Just Raised Their Payouts: July 2024

Citigroup's Q2 results were better than expected on a core basis, with a $0.13/beat at the core pre-provision profit line on stronger than expected capital markets and commercial banking. The Services business is a strong asset for Citi, with a durable moat, strong share in high-margin treasury services, and ongoing growth potential, and commercial banking looks fixable. Retail banking (including cards) and wealth management need a lot more work, and Citi's rivals are targeting many of the same markets and customers and doing so more effectively.

Citigroup's Turnaround Story Getting Taken A Little More Seriously Now

Bank of America

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Bond yields for three of the four biggest money-center banks have continued to tighten against Treasurys following their earnings updates, in a positive sign of demand ahead of billions of dollars in fresh debt expected from the banks.

Bank bond spreads tighten as earnings spark buying ahead of fresh debt offerings

Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected to take on that role Sept.

Citi Names Barclays Vet James Morris as UK Commercial Banking Head

Citigroup Inc C shares recovered slightly in early trading on Monday after tanking on Friday, following the second-quarter results.

Citigroup's Growth Streak Continues: Analysts Unpack Q2 Insights

Citigroup appointed James Morris as the head of its commercial bank for Britain, the bank said in a statement on Monday.

Citi appoints James Morris as new head of UK commercial bank

Earnings season is in full swing, as big banks – specifically, JPMorgan and Citigroup – helped sway the fortunes of the CE 100 Index. The Index was up 1.

CE 100 Index Gains 1.3% as Big Banks Post Earnings

We see the Q2 results from the major banks as good enough - not great, but definitely not bad either. The stocks' outperformance entering this reporting cycle contributed to the market's tentative initial reaction to the results.

Q2 Earnings Growth Expected to Reach Two-Year High

Citigroup's earnings results showed a bit of bifurcation in consumer spending, as higher credit scoring individuals continue to use their cards and lower FICO consumers are falling behind a bit amid evidence of budget tightening. The company's earnings release indicates that spending on Citi's cards was 3% higher than a year ago.

Citigroup's 3% Branded Card Spend Growth Driven by Higher FICO Consumers

Earnings at two of the three large U.S. banks that traditionally launch the financial sector's quarterly earnings season exceeded investors' expectations Friday. But their income statements revealed the ongoing toll of higher interest rates and reflected concerns about a cooling economy.

What We Learned From Big Bank Earnings Friday

Citigroup Inc. (NYSE:C ) Q2 2024 Earnings Conference Call July 12, 2024 11:00 AM ET Company Participants Jenn Landis - Head, Investor Relations Jane Fraser - Chief Executive Officer Mark Mason - Chief Financial Officer Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Jim Mitchell - Seaport Global Erika Najarian - UBS Gerard Cassidy - RBC Ken Usdin - Jefferies Betsy Graseck - Morgan Stanley Vivek Juneja - JPMorgan Matt O'Connor - Deutsche Bank Saul Martinez - HSBC Steven Chubak - Wolfe Research Operator Hello, and welcome to Citi's Second Quarter 2024 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.

Citigroup Inc. (C) Q2 2024 Earnings Call Transcript

U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging past the 40,000 mark on Friday.

S&P 500 Rises Over 1%; Citigroup Reports Upbeat Q2 Results

Increases in Markets and Banking segments' revenues and higher loans support Citigroup's (C) Q2 earnings. However, higher provisions act as a headwind.

Citigroup (C) Q2 Earnings Beat as Loan Demand Improves

Citigroup asked a U.S. judge to dismiss a racial-discrimination lawsuit that claims the bank violated federal civil rights law by waiving ATM fees for customers of minority-owned banks.

Citigroup seeks to end racial-bias lawsuit over ATM fees

Alphabet

Most investors would look at consumer staples stocks for protection against the whipsaws that the market can bring during cycles. While this theory tends to work over time and has worked over time, it is a widely accepted model.

This Financial Stock's Earnings Signal a Buying Opportunity

Although the revenue and EPS for Citigroup (C) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Citigroup (C) Q2 Earnings: A Look at Key Metrics

Citigroup stock is down despite reporting second-quarter earnings results that topped analysts' expectations. Here's what you need to know.

Citigroup Reports Q2 Earnings: Buy, Sell or Hold?

Today's PPI numbers were not quite as accommodating as yesterday's CPI.

PPI Swells Higher, Big Banks Beat Q2 Estimates

Citigroup on Friday reported strong second-quarter results for 2024, surpassing analysts' expectations in both profit and revenue. The multinational investment bank and financial services corporation experienced significant growth, largely due to a rebound in Wall Street activity, which greatly contributed to its positive performance.

Citigroup's Q2 2024 results: Revenue and net income surge despite regulatory challenges

Citigroup (C) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.37 per share a year ago.

Citigroup (C) Q2 Earnings and Revenues Top Estimates

Shares of Citigroup (C) rose in premarket trading Friday after the bank's second-quarter profit beat analysts' estimates.

Citigroup Stock Rises After Better-Than-Expected Q2 Profit

Citigroup Inc (NYSE:C) reported quarterly financials at the top end of Wall Street expectations, sparking an initial flurry before the stock dropped back in early deals. Second quarter revenue came in at $20.14 billion versus an analyst consensus forecast of $20.07 billion.

Citigroup gives up early gains despite ‘forecast topping' revenues

Citigroup's profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the bank's shares up 2% before the bell.

Citi profit climbs on investment banking surge, services strength

NEW YORK--(BUSINESS WIRE)--Today Citi reported second quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast please visit https://www.veracast.com/webcasts/citigroup/webinars.

News for Citigroup Stock (C)