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

CoStar Group

Healthpeak Properties Inc

Hasbro

Hess

Newmont Mining

Royal Caribbean Cruises

Teradyne

Walgreens

Western Digital

Just about half of S&P 500 companies reported their first-quarter earnings. And they're coming in better than expected.

Corporate Profit Blasts Past Expectations Thanks To 10 Stocks

Citigroup's strategic restructure is making significant progress, with a clear focus on high ROE business lines and cost reduction. The management team aims to achieve 11-12% RoTCE by 2025-2026, which could result in a valuation of $100-$120 per share. The upcoming CCAR outcomes in June 2024 are a key catalyst that could release significant capital for share buybacks.

Citigroup: The Catalyst That Could Trigger A Melt-Up

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $2,000,000,000 of its 0.981% Fixed Rate / Floating Rate Notes due 2025 (the “fixed rate / floating rate notes”) (ISIN: US172967MX62), and the redemption, in whole, constituting $500,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and, together with the fixed rate / floating rate notes, the “notes”) (ISIN: US172967MW89). The redemption date for the notes is May 1, 2024 (the “rede.

Citigroup Announces $2.0 Billion Redemption of 0.981% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025

Ally Financial

Bank of America

Capital One

JPMorgan Chase & Co

Wells Fargo

The company operates through three segments: Credit Card Consumer Banking Commercial Banking The company accepts: Checking accounts Money market deposits, Negotiable order of withdrawals Savings deposits Time deposits Its loan products include: credit card loans, auto and retail banking loans, commercial and multifamily real estate loans, and commercial and industrial loans.

6 Blue-Chip Dividend Financials Are Cheap and Warren Buffett Owns Billions of Shares

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting C$56,782,000 of its 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027 (the “notes”) (ISIN: CA172967EB37). The redemption date for the notes is May 24, 2024 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Ci.

Citigroup Announces C$56.782 Million Redemption of 5.160% Fixed Rate / Floating Rate Subordinated Notes due 2027

iShares Global Financials ETF

Visa

The financial sector is often seen as a bellwether for the overall economy, and right now, it's sending out healthy signals. As expectations for a soft landing of the U.S. economy increase, financial stocks are on investors' radars.

Cashing In on Earnings: 3 Financial Stocks Set to Surge

Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistleblowers, according to a report by Bloomberg.

Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report

Goldman Sachs

Morgan Stanley

Investment banks have struggled from sluggish IPO and debt issuance markets during the past two years. Improving sentiment and increased appetite for risk could help IPO activity rebound in 2024.

3 Stocks to Buy Today as Investment Banking Rebounds

Amgen

Schlumberger

Southern Company

Simon Property Group

Constellation Brands

The artificial intelligence rally over the last year and a half, led by the so-called Magnificent 7, has been remarkable if you owned those stocks. However, most of the S&P 500 is treading water and will not likely catch up to the hype-driven AI stocks soon.

Goldman Sachs Has 6 Dividend Blue Chips on Its Conviction List of Top Stocks

Two years into the war, Citigroup is the only U.S. bank around, navigating a sometimes treacherous landscape

Turning a Vault Into a Bomb Shelter: How Citigroup Has Kept Its Bank Running Inside Ukraine

Citigroup has been a laggard since the Financial Crisis but has the potential for a 50% upside over the next 3-5 years. The bank is currently under-earning its potential, but if it achieves its medium-term targets, it could have a 15.2% earnings yield. Stock buybacks would be beneficial, but regulatory restrictions limit the bank's ability to capitalize on opportunities.

Citigroup Should Benefit From Expense Inflection Point

Citigroup is implementing strong cost-cutting measures through headcount reduction and organizational streamlining to improve performance and stock price. The bank's diversified revenue streams, particularly in Treasury and Trade Solutions and Securities Services, will support its bottom line. Citigroup's forward P/B and PEG ratios indicate significant potential for stock price appreciation if it aligns with sector medians, suggesting an 85% upside.

Citi Post Q1: I Like The Cost Cuts

Amazon

Alibaba

Alphabet

JD.com

Oracle

Star Bulk Carriers

While you should never invest based on any one metric or person's guidance, a possible exception can be made for Michael Burry stocks. Granted, you still need to conduct your own due diligence.

7 Michael Burry Stocks to Buy if You're Looking for Deep Value

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares US Financial Services ETF

Invesco KBW Bank ETF

Vanguard Financials ETF

Financial Select Sector SPDR Fund

While most big banks beat on both lines in the first-quarter earnings season, higher rates may weigh on the financial ETFs over the medium term.

Bank ETFs in Focus on Mixed Q1 Earnings

PNC Financial Services

U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.

Big banks led by Citi continue layoffs amid pressure to cut costs

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected quarterly results thanks to a resilient economy, strong consumer spending and a flurry of Wall Street activity.

Three Key Takeaways From Big Bank Earnings

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.25 billion aggregate liquidation preference of Series D Depositary Shares representing interests in its 5.350% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series D (the “Preferred Stock”). The redemption date is May 15, 2024 for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Hold.

CitiGroup Announces Full Redemption of Series D Preferred Stock

Traders who postpone the potential interest rate cuts from the Federal Reserve (the Fed) could be in for a reckoning. According to the FedWatch tool at CME Group Inc., the Fed started the year proposing cuts as soon as March 2024; traders now see these cuts pushed back as far as September 2024.

Citi's Results Say This About The Stock Market

Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of projections.

What We Learned From Big Bank Earnings on Friday

The market isn't particularly impressed with what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. Part of the issue appears to be underwhelming guidance, particularly from JPMorgan, that most analysts saw as overly conservative.

The Q1 Earnings Season Kicks off Positively

Citigroup Inc. (NYSE:C ) Q1 2024 Earnings Conference Call April 12, 2024 11:00 AM ET Company Participants Jennifer Landis - Head of IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Betsy Graseck - Morgan Stanley Jim Mitchell - Seaport Global Ebrahim Poonawala - Bank of America Erika Najarian - UBS John McDonald - Autonomous Research Ken Usdin - Jefferies Vivek Juneja - JPMorgan Scott Siefers - Piper Sandler Gerard Cassidy - RBC Capital Markets Matt O'Connor - Deutsche Bank Saul Martinez - HSBC Chris Kotowski - Oppenheimer Steven Chubak - Wolfe Research Operator Hello and welcome to Citi's First Quarter 2024 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.

Citigroup Inc. (C) Q1 2024 Earnings Call Transcript

Citigroup's latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed that branded card-related volumes were 4% higher year on year in the March period, to just under $121 billion.

Citigroup Keeps Eye on Lower FICO Customer Spend, Sees Digital Engagement Rising

The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year.

US banks' profit picture less clear with cloudy rates trajectory

While JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. topped Wall Street estimates for earnings per share and revenue on Friday, stocks of all three megabanks fell into the red.

JPMorgan, Wells Fargo, Citi stocks drop despite robust first-quarter earnings

We complete our inflation summary this week with new data out this morning. Import and Export Prices for March help articulate some of the other economic data we've seen throughout this week, including that which sent trading markets into a tailspin mid-week. Pre-market futures, paring losses on Q1 results from some of Wall Street's biggest banks (see below), were sent back southward on today's Imports and Exports: -220 points on the Dow, -35 on the S&P 500 and -150 for the Nasdaq.

Big Banks Open Q1 Earnings Season

News for Citigroup Stock (C)