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

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Bank stocks have gained on largely positive earnings results. But firms are bracing for hits from commercial real estate and other losses.

Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Citigroup Inc. C, +1.11% stock is currently trading at a 52.7% discount to its book value, Odeon Capital analyst Richard Bove said Tuesday as he boosted his rating on the bank to buy from hold. “The bank, unlike its peers, clearly benefitted from higher interest rates and it has a more positive longer-term outlook,” Bove said.

Citigroup trading at a discount to book value, analyst says in upgrade

Citigroup Inc. and Wells Fargo & Company are still adapting to changes in the commercial banking industry.  Both institutions are in the process of redefining themselves amidst industry changes. The two large commercial banks are navigating shifts toward a new era in banking. Citigroup saw a decline year-over-year in its Return on Tangible Common Equity as it continues to restructure and build up a stronger economic base.

Banks Mixed: Citigroup And Wells Fargo

Citigroup announced a mixed bag of results for its second quarter, with revenue only just surpassing predictions and earnings per share falling

Citigroup Earnings A Mixed Bag As Earnings Up, Deals Down

JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.”

The nation's biggest banks are gearing up for more consumer struggles ahead

Citigroup's stock has been undervalued for a long time, but the company's management needs to show more urgency in delivering capital returns, expense efficiency, and wealth management growth. Despite significant investments in modernization and regulatory compliance, Citigroup's execution has been lackluster, with high expenses and growing capital requirements impeding stock buybacks. The bank's stock should double over the next three years if it improves returns, reduces expenses, and grows its wealth management business, but this will depend on management's execution of these priorities.

Citigroup's Management Needs To Execute With More Urgency

Citigroup Inc. (NYSE:C.PK ) Q2 2023 Earnings Call Transcript July 14, 2023 11:00 AM ET Company Participants Jen Landis - Head, Investor Relations Jane Fraser - Chief Executive Officer Mark Mason - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Jim Mitchell - Seaport Global Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Erika Najarian - UBS Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Capital Markets Kenneth Usdin - Jefferies Vivek Juneja - JPMorgan Operator Hello and welcome to Citi's Second Quarter 2023 Earnings Review with the Chief Executive Officer, Jane Fraser and Chief Financial Officer, Mark Mason. Today's call will be hosted by Jen Landis, Head of Citi Investor Relations.

Citigroup Inc. (C) Q2 2023 Earnings Call Transcript

There was plenty to like from the banks, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.

Q2 Earnings Season: A Good Start So Far

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $750 million aggregate liquidation preference of Series B Depositary Shares representing interests in its 5.90% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series B (the “Preferred Stock”). The redemption date for the Preferred Stock and related Depositary Shares is August 15, 2023 (the “Redemption Date”). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Hol.

Citigroup Announces Full Redemption of Series B Preferred Stock

State Street

Companies have begun releasing their second-quarter financial results. Citigroup didn't see as much positive impact from financial conditions as its big-bank peers.

Why These 2 Bank Stocks Missed Friday's Rally

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

Shares of Citigroup declined over 2% intraday on Friday after the bank's profit and sales dropped in what CEO Jane Fraser called “a disappointing quarter.”

Citigroup Profit and Sales Fall as Dealmaking Slows

Citigroup's (C) Q2 results are supported by Personal Banking and Wealth Management segment's robust revenues. However, a higher cost of credit acts as a spoilsport.

Citigroup (C) Q2 Earnings & Revenues Top Estimates, Costs Up

Not too long ago, commercial and investment banks passed the annual FED 'stress test,' where banks are under the heat of liquidity and leverage scrutiny. The leading United States firms passed with flying colors, and some of these names followed the results by boosting their dividend payouts handsomely.

Citigroup Leads Banking Earnings, What's Next?

Citigroup (C) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $2.30 per share a year ago.

Citigroup (C) Surpasses Q2 Earnings and Revenue Estimates

Although the revenue and EPS for Citigroup (C) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Citigroup (C) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Citigroup Inc  (NYSE:C), JPMorgan Chase & Co (NYSE: JPM), and Wells Fargo & Co (NYSE:WFC) reported better-than-expected second-quarter earnings and revenue this morning.

Options Traders Rush Bank Sector After Earnings

Titans like JPMorgan are making billions of dollars more in interest income than they were before the Fed considerably hiked rates.

Big Banks Beat On Earnings As Higher Interest Payments Roll In

Some of the largest U.S. banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking but warned that the economy was slowing and losses would increase in commercial real estate.

U.S. banks point to resilient but slowing economy, flag risks ahead

Citigroup topped the Street's earnings expectations for the second quarter sending its shares higher.   As expected by analysts, both the company's 2Q profits and revenue dropped year-over-year.

Citigroup profits tumble less than expected in 2Q

Shares of Citigroup Inc. C, +0.63% climbed 1.1% in premarket trading Friday, after the moneycenter bank reported second-quarter results that fell but beat expectations, as weakness in markets was offset by growth in personal banking and services. Net income dropped to $2.92 billion, or $1.33 a share, from $4.55 billion, or $2.19 a share, in the year-ago period, to beat the FactSet consensus of $1.31.

Citigroup stock climbs after profit and revenue fall but beat expectations

Citigroup's profit tumbled 36% in the second quarter as weakness in the Wall Street bank's trading business blunted gains from its personal banking and wealth management unit.

Citigroup profit drops 36% as trading slump casts cloud over earnings

NEW YORK--(BUSINESS WIRE)--Today Citi reported second quarter 2023 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. Citigroup will host a conference call today at 11:00 AM (ET) to review these results. To attend the live webcast please visit: https://www.veracast.com/webcasts/citigroup/w.

Citigroup Reports Second Quarter 2023 Results

Apple

AbbVie

Arbor Realty Trust

Abbott Labs

Archer-Daniels-Midland Company

Aflac

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American Express

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Eaton

In 2015, I started publishing updates regarding my dividend growth portfolio, and I keep doing so every quarter. This is part of being transparent with my readers, so they can see what I hold and its correlation with my writing. This article summarizes Q2 of 2023 and focuses on goals, current holdings, allocation, sales, and buys.

My Dividend Growth Portfolio - Q2 2023 Summary

The Mexican government is no longer interested in purchasing Citigroup's local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank "chose a different path" for its unit.

News for Citigroup Stock (C)