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

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Earnings data Q1 2024

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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

Trimming layers of managers will help, but the global bank faces headwinds ranging from interest rates to new capital rules.

What Could Finally Turn Around Citigroup?

LONDON--(BUSINESS WIRE)--Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: AFRICA -- A New Growth Model. The report suggests that for a new growth model to emerge, African governments and the private sector are going to have to work together to take advantage of the continent's favorable demographics, technological developments, and a changing world economy – while maintaining course to develop foundational infrastructure. Although broadly speaking Afri.

Citi GPS: AFRICA – A New Growth Model Premised on Favorable Demographics, Technological Developments, and a Changing World Economy

HSBC Holdings

HSBC Holdings PLC (LSE:HSBA) is set to significantly expand its Chinese operations with the acquisition of Citigroup Inc (NYSE:C)'s consumer wealth portfolio in the country for an undisclosed sum. Expected to close in the first half of 2024, the deal includes clients, assets under management (AUM), and deposits totalling around $3.6 billion.

HSBC expands in China as it picks up Citigroup's consumer wealth assets

Citigroup Inc said on Monday it has agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management (AUM) and deposits to HSBC Bank China.

Citigroup to sell China onshore consumer wealth unit to HSBC

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Profit updates from the U.S.'s largest banks are expected to fare better than their stock price weakness would suggest when third-quarter earnings season kicks off this coming Friday.

Bank earnings await after a weak quarter for stock prices, but the biggest names remain more favored

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

You might have expected financial stocks to be among the worst performers in the S&P 500 this year, in light of three high-profile bank failures, the pressure from the decline in market values for banks' bond holdings and the competition for deposits as interest rates have risen. But the financial sector is down 2.8% this year with dividends reinvested.

Here's what to expect when banks report earnings, and how cheap their stocks are now

Citigroup (C) is reviewing staff lists to decide who will remain in place, who will be reassigned and who will be laid off during its previously announced organizational restructuring plan.

Citigroup (C) Takes Early Steps in Its Reorganization Plan

Citigroup Inc (NYSE:C) is poised to announce job cuts in November as part of the investment bank's largest reorganisation in several decades, according to reports. In a memo seen by Reuters, the bank's chief human resources officer Sara Wechter wrote that “the next layer of change” would take place in November.

Citigroup readies the axe, next wave of jobs cuts coming soon

Citigroup poised to cut jobs in coming months

Citigroup managers are in the process of reviewing staff rosters ahead amid a restructuring that will be announced in November, according to a memo seen by Reuters.

Citigroup outlines process for layoffs, reassignments in memo

Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be retained, reassigned or laid off in November, Reuters reported Wednesday (Oct. 4), citing a global memo to staff it has seen.

Report: Citigroup to Announce Layoffs in November Amid Reorganization

Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters.

Citigroup outlines layoff process, reassignments in overhaul -memo

NEW YORK--(BUSINESS WIRE)--The Citi Foundation today issued a request for proposals (RFP) for the fourth cohort of its Community Progress Makers initiative. With this announcement, the Citi Foundation is doubling down on its support for local communities across the U.S. by committing an additional $50 million to Community Progress Makers, representing a sustained belief in the power of catalytic, trust-based philanthropy to accelerate the pace of progress. First launched in 2015, the Community.

Citi Foundation Doubles Commitment to Community Progress Makers Initiative, Announces New $50 Million Request for Proposals (RFP) In The U.S.

LONDON--(BUSINESS WIRE)--Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report titled: ‘SKILLS THAT PAY – The Returns from Specific Skills as Demanded in Job Adverts.' The report is the result of a collaboration between Citi, the London School of Economics, and the Oxford Martin School. Leveraging data from job advertisements, the authors examine the skills that are rising and falling in demand and explore how wages for these skills are changing. “In the face of rap.

Citi GPS: Evolving Demand for Skills Places Premium on Collaborative Leadership and Continuous Learning in Data Science

Delta Air Lines

Expedia

OneMain Hld

Patient Capital, a recently established independent asset management firm, was previously a part of Miller Value Partners. It upholds an investment philosophy and methodology initially conceived many years ago by the renowned guru investor Bill Miller during his tenure at Legg Mason.

A Glimpse of Patient Capital's Samantha McLemore's Stock Recommendations

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of Series A Depositary Shares representing interests in its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series A (the “Preferred Stock”). The redemption date for the Preferred Stock and related Depositary Shares is October 30, 2023 (the “Redemption Date”). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. A.

Citigroup Announces Full Redemption of Series A Preferred Stock

"The case for change is pretty clear - our people want to succeed and our highest performers got behind this very quickly," CEO Fraser told CNBC.

Citigroup CEO Jane Fraser on layoffs, major overhaul: ‘Don't have room for bystanders'

Citigroup CEO Jane Fraser said on Friday that top employees were on board with the company's sweeping reorganization, and that there was "no room for bystanders" in the bank's biggest overhaul in almost two decades.

Citigroup has 'no room for bystanders' in reorganization, CEO says

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.

Citigroup CEO Jane Fraser sees 'cracks' emerging among some consumers as savings dry up

Citigroup and a former unit were fined $1.975 million by the U.S. Securities and Exchange Commission on Thursday for making securities recommendations to retail customers without complying with disclosure obligations.

SEC fines Citigroup, former unit over customer disclosures

Citigroup (C) is likely to reduce its workforce in Tampa as part of the major strategic reform including efforts to revamp the company's corporate structure.

Citigroup (C) is Planning to Reduce its Workforce in Tampa

Citigroup (C) is in talks to sell its China retail wealth management business to HSBC Holdings as part of its plan to exit from consumer banking outside of the United States.

Citigroup (C) Plans to Sell China Retail Wealth Unit to HSBC

Citigroup Inc. could announce as early as next month a deal to sell its consumer-wealth business in China to HSBC Plc some two years after it announced plans to scale back its overseas retail banking business, according to reports on Thursday.

Citigroup in talks to sell China retail-wealth unit to HSBC: Reports

It's a company in a sector that's known for being miserly with its payouts -- banking. This lender has been a laggard when compared to its peers.

This Is the Highest-Yielding Warren Buffett Stock. Should You Own It?

HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank's business in that country.

News for Citigroup Stock (C)