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 (C) plans the sale of its municipal bond business. The move underlines efforts to eliminate non-profitable segments and focus on core strengths to enhance profitability.

Citigroup (C) to Exit Muni Business, Focus on Core Strengths

Citigroup (C) will reportedly split its Mexico retail unit Banamex from its corporate and investment banking business in the country by the second half of 2024.

Citigroup's (C) Mexican Arm Banamex to Separate by Late 2024

Bank stocks are cheap and could see higher multiples with rate cuts and a manageable credit environment. Citigroup has lately been making good progress in restructuring its operations, setting up for an expanding cost-to-income ratio going into 2024 and beyond. Citi now projects a 4-5% CAGR revenue growth goal through 2026, amounting to $87 billion to $92 billion in revenues.

Citigroup: Macro May Be Setting The Stage For A Monster Rally In 2024

Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

Citigroup Inc (NYSE:C) is shutting down its municipal underwriting and market-making division, according to an internal memo, Reuters reported. “The economics of these activities are no longer viable given our commitment to increase the firm's overall returns,” the memo said.

Citigroup to end municipal underwriting and market-making division

Citigroup Inc.'s stock C, +1.82% was up by 0.7% in premarket trading on Friday after the bank said in an internal memo it's shutting down its municipal underwriting and trading units by March 31 of 2024. Most of Citi's municipal sales, trading and banking colleagues are exiting the bank, according to the memo, which was provided to The Wall Street Journal.

Citigroup shutting down municipal bond trading unit: WSJ

Citigroup's Mexican retail unit, known as Banamex, is set to split off from its parent by the second half of 2024, the lender's Mexico head, Manuel Romo, told local media on Thursday.

Citi's Mexico unit set to split off by late 2024 -local media

Citigroup has decided to close its municipal underwriting and market-making activities, according to a memo seen by Reuters.

Citigroup closes municipal underwriting and market-making unit- memo

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024.

Bond prices rally for JPMorgan, Morgan Stanley, Goldman Sachs and Bank of America as sentiment turns bullish on money-center banks

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Wells Fargo

Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just before a crisis that put some banks out of business.

Bank stocks rally to pre-crisis levels after Fed meeting

Fifth Third Bancorp

SoFi Technologies

Bank stocks are up today and investors wonder why have come to the right place! The reason that bank stocks are up on Thursday has to do with an update from the Federal Reserve.

Why Are Bank Stocks Up Today?

JPMorgan Nasdaq Equity Premium Income ETF

Kinder Morgan

SL Green Realty

AT&T

The markets had a strong week fueled by optimistic economic data, with the S&P 500 increasing by 1.2% and the Dow Jones climbing by 2.41%. The Dividend Harvesting Portfolio finished up 5.17% on invested capital, generating $17.17 in dividend income in week 145. The portfolio is positioned well for the future, with a focus on generating ongoing dividend income while mitigating downside risk.

Dividend Harvesting Portfolio Week 145: $14,500 Allocated, $1,274.81 In Projected Dividends

The news comes at a time when the bank is undertaking a sweeping reorganization that is expected to be complete by the end of the first quarter of next year.

Citi reportedly offers partial early bonuses to encourage exits amid massive overhaul

Citigroup is offering to pay some of its employees a portion of their annual bonuses early if they agree to voluntarily depart, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Citigroup offers partial early bonuses to encourage departures - Bloomberg News

WESTON, Fla.--(BUSINESS WIRE)--SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135MM with the potential to grow up to $300M as SellersFi expands. Citi provides the senior capital while Fasanara provides junior capital in the transaction. Also, Fasanara is renewing its commitment in SellersFi by continuing its support to SellersFi as senior lender for other jurisdictions and products. Th.

SellersFi Closes Credit Facility up to $300M with Citi and Fasanara Capital

Barclays

Bank of Nova Scotia

A new report from investment bank Goldman Sachs (NYSE: GS ) claims that hedge funds are dumping bank stocks heading into year's end. According to Goldman, hedge funds sold bank and financial related stocks for a 10th consecutive week through Dec. 8.

3 Bank Stocks I Wouldn't Touch With a 10-Foot Pole

Starbucks

Exxon Mobil

At a glance, the market might appear overvalued as the S&P 500 approaches 2023 highs. However, in the past year, the performance has been quite bifurcated, with the Magnificent 7 soaring while most of the other 493 stocks have lagged.

The 3 Most Undervalued Blue-Chip Stocks to Buy in December

Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small and medium-sized businesses (SMBs) involved in import and export activities, Citi said in a Monday (Dec. 11) press release.

Citi Provides Investment and Technology to Colombian FinTech Supra

NEW YORK--(BUSINESS WIRE)--Citi has led a strategic investment round in Supra. Far Out Ventures and H20 Capital also participated in the financing round. Supra is a Colombian fintech that enables cross-border payments and treasury solutions for small and medium-sized businesses (SMBs) that participate in import and export activities. The new capital will enable the growth of Supra's Colombian operations to fulfil its payment aggregator role in partnership with Foreign Exchange Market Intermedia.

Citi Leads Strategic Investment Round in Colombian Fintech Supra

NEW YORK--(BUSINESS WIRE)--Ember Infrastructure Management, LP (“Ember”) announces today the completion of the previously announced acquisition of H2O Innovation Inc. (“H2O Innovation” or the “Company”) by an entity controlled by funds and vehicles managed by Ember, with the participation of Ontario Power Generation Inc. Pension Fund (“OPG”), Investissement Québec (“IQ”), Caisse de dépôt et placement du Québec (“CDPQ”) and key executives of the Company, for a purchase price of $C395 million. “C.

Ember Completes Take Private of H2O Innovation

Citigroup's (C) markets division is negotiating a structure to acquire a minority stake in LuminArx gradually.

Citigroup (C) Eyes Asset-Based Lending Partnership With LuminArx

Global financial firms - JPMorgan (JPM), Goldman (GS), Citigroup (C) and Bank of America (BAC) - are expecting the operating backdrop to turn favorable for capital markets businesses.

Key Takeaways From Executive Conference About Capital Markets

Mark Mason, Citigroup CFO, recently updated 2023 earnings and ROTCE expectations as speaker at Goldman Sachs 2023 U.S. Financial Services Conference. Based on Mason's update, expect Q4 EPS of $.23 ($1.26 excluding FDIC and restructuring charges), and full year EPS of $5.46 ($6.04 excluding FDIC, restructuring charges and divestitures). Mason made it clear that revenues must grow 4% - 5% a year, and expenses must be cut by $1B - $2B a year to reach ROTCE of 11%-12%.

Citigroup: Mark Mason's Path To ROTCE Of 11% - 12%

Citigroup Chief Financial Officer Mark Mason said Wednesday the bank's largest reorganization in decades will cost about $1 billion for charges related to restructuring and severance.

Citigroup's massive restructuring to cost $1B, won't be completed until next quarter

The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.

News for Citigroup Stock (C)