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

Less than a month into her role as the chief executive of Citigroup, Jane Fraser made a decision that shook Wall Street.

Citi's Jane Fraser made unheard of decisions on Wall Street weeks into her role as CEO

The stock is still underperforming, but CEO Fraser and her team's attempts to turn it around seem to be having some effect.

Citigroup's Strategy Refresh Will Not Happen Overnight, But It Is Moving Along

NEW YORK--(BUSINESS WIRE)--Citi's Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by LianBio for its American Depositary Receipt (ADR) program. The LianBio program was established in connection with an approximately $325 million initial public offering of its American Depositary Shares (ADSs), priced at $16.00 per ADS. The ADSs are listed on the Nasdaq Global Market, under the ticker symbol “LIAN”. Each ADS represents one ordinary share of LianBio. “Cit

Citi Appointed Depositary Bank for LianBio's Sponsored ADR Program

Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a weekly basis in this report, updating the report every Friday, along with an accompanying podcast.

Asset Allocation Weekly: The Citigroup Economic Surprise Index and Bond Yields

Citigroup stock has gained 11% YTD, which is significantly lower than the 24% rise in the S&P500 over the same period. The stock is currently trading at $68 per share and has a potential upside of 24% to its fair value of $84 – Trefis' estimate for Citigroup's valuation.

Citigroup Stock Is Attractive At $68

The current valuation provides a unique opportunity to purchase shares below tangible book value. An early glimpse into what is sure to be a full-scale turnaround story should provide investors confidence that a pursuit of higher returns is the primary goal.

Citigroup: Buying Into The Strategic Pivot

Citigroup's (C) planned exit from South Korea's consumer banking business will result in cash charges in the range of $1.2-$1.5 billion. The exit is expected to have a favorable effect on its financials over time.

Citigroup (C) to Incur $1.2-$1.5B Charges on South Korea Exit

It won't be long before the world's banks begin thinking about trading cryptocurrencies, the former CEO of Citigroup said at a recent FinTech event. The moment will come in the next few years, Vikram Pandit told the Singapore Fintech Festival, per Bloomberg News.

Big Banks Will Soon Consider Crypto, Ex-Citi CEO Says

NEW YORK--(BUSINESS WIRE)--Citi today opened its new global headquarters branch featuring a state-of-the-art Client Center in New York City's Tribeca neighborhood, offering a view into the future of retail banking. The unique 7,000-square foot concept space can easily transform in configuration and shape to help customers craft experiences ranging from the most public to the most private, from the most simplistic of activities to complex investment planning. “Our customers and the communities t

Citi Opens Flagship Branch Featuring State-of-the-Art Client Center at Global Headquarters in NYC

NEW YORK--(BUSINESS WIRE)--Citi's Treasury and Trade Solutions (TTS) launches domestic instant payments in Brazil bringing its global footprint to 28 markets in multiple geographic regions. Usage of Citi's instant payments platform has grown at an unprecedented rate, of over 100% growth in the last 12 months. With Instant payments, also known as real-time or immediate payments, funds can be transmitted within seconds, 24/7 and are available to recipients immediately. By using Citi's innovative

Citi's Instant Payments Now Available in 28 Markets and all Global Regions

Citigroup Inc. C, -0.01% said Monday it will take $1.2 billion to $1.5 billion in charges against earnings for its previously announced wind down plan in Korea, according to a filing. The costs are related to voluntary termination benefits.

Citigroup says Korea termination costs to total up to $1.5 billion

NEW YORK--(BUSINESS WIRE)--Citi Chief Financial Officer Mark Mason released the following statement regarding the wind-down of the Korea Consumer Bank, which is part of Citi's strategic plan to exit 13 consumer markets in Asia and EMEA to refocus its presence on four wealth centers: Hong Kong, Singapore, London and the UAE. Citi will continue to invest in and grow its institutional franchises in the two regions. “We continue to have good conversations with potential buyers of our consumer busin

Statement From Citi CFO Mark Mason on Wind-Down of Korea Consumer Bank

(Reuters) -Citigroup Inc said on Monday it expects to take a charge of nearly $1.2 billion to $1.5 billion related to the closure of its consumer banking business in South Korea.

Citigroup flags up to $1.5 billion charge from South Korea retail banking exit

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Wells Fargo

Financial stocks were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve's detailing of its widely expected tapering plans, and as the Bank of England held off on an expected rate hike. The SPDR Financial Select Sector ETF XLF, -2.01% dropped 2.0% with 61 of 65 equity components losing ground.

Bank stocks take a broad beating as Treasury yields fall in wake of Fed taper talk

Barclays

Today brings the NRDS stock IPO as NerdWallet begins trading. Here's what you should know as this personal finance site goes public.

NRDS Stock IPO: 7 Things to Know as NerdWallet Starts Trading Today

As we have noted on multiple occasions, one of the few sectors in which companies applaud higher interest rates is the financials.

After Blowout Earnings, 5 Dividend-Paying Big Banks and Brokerage Firms to Buy

NEW YORK & GLASGOW, Scotland--(BUSINESS WIRE)--Citi today announced a partnership with Breakthrough Energy Catalyst, a groundbreaking program from Breakthrough Energy to accelerate the development of clean energy technologies that will help achieve net zero emissions by 2050. Catalyst, a program within the larger Breakthrough Energy network founded by Bill Gates, is a new model for public-private sector partnership to build the foundation of a net zero economy. It brings together businesses, go

Citi Joins Breakthrough Energy Catalyst as Anchor Partner to Accelerate the Clean Energy Transition With $100 Million Commitment

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $1,500,000,000 of its 2.312% Fixed Rate / Floating Rate Notes due 2022 (the “FXD / FRN notes”) (ISIN: US17308CC463), and the redemption, in whole, constituting $500,000,000 in aggregate principal amount, of its Floating Rate Notes due 2022 (the “FRN notes” and together with the FXD / FRN notes, the “notes”) (ISIN: US17308CC380). The redemption date for the notes is November 4, 2021 (the “redemption da

Citigroup Announces $1.5 Billion Redemption of 2.312% Fixed Rate / Floating Rate Notes due 2022 and $500 Million Redemption of Floating Rate Notes due 2022

Citigroup Inc said on Thursday it will require all U.S. employees to be vaccinated against COVID-19 as a condition of their employment.

Citigroup to require all U.S. employees to be vaccinated

Citigroup told staff Thursday that US-based employees will be required to get fully vaccinated if they want to stay employed.

Citigroup to US staff: Get vaccinated, or you're fired

Citigroup wants to pursue a banking license in Saudi Arabia to further boost its business in the kingdom by expanding into trade finance and treasury solutions, a senior executive said.

Citigroup plans more investment in Saudi Arabia, eyes banking license

Citi's Treasury and Trade Solutions (TTS) division has begun to allow digital bill payment through the RTP network, The Clearing House's (TCH) real-time payment network, according to a press release. The new program — a first in the U.S., per the release — will benefit Citi's institutional and consumer clients.

Citi Offers Digital Bill Payment Through RTP Network

Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Wells Fargo & Co. have issued $314 billion in bonds in 2021 for the highest tally since 2008, according to Dealogic data cited Tuesday by The Wall Street Journal.

Six major U.S. banks issue the most debt since 2008

We've now heard from the largest U.S. banks; here's what investors need to know.

Big Bank Earnings Breakdown: Here's What You Need to Know

(Reuters) -Citigroup Inc on Monday warned of significant charges related to the closing of its consumer banking business in South Korea, months after announcing its exit from 13 markets across Asia, Europe, Middle East and Africa.

News for Citigroup Stock (C)