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 to establish a wholly owned investment banking unit in China within a year, expanding its operations in the world's second-largest economy. The unit will initially have 30 employees.

Citigroup (C) to Establish Investment Banking Unit in China

Berkshire Hathaway bought shares of Citigroup after new CEO Jane Fraser started a massive overhaul. Citi's performance metrics are still lagging its large peers.

Warren Buffett and Berkshire Hathaway Own Citigroup Stock. Should You?

Lazard

While the final weeks of 2023 saw almost non-stop rallying across equity markets, the first week of 2024 has been a little softer. The benchmark S&P 500 index has fallen for the past five sessions, and there's a general sense that Wall Street is taking a bit of a breather right now.

Citi and Lazard just got bullish upgrades

Citigroup Inc is aiming to launch its wholly owned China investment banking unit as early as the end of this year and hire about 30 people for the business, a person with direct knowledge of the matter said.

Citi targets China investment bank unit launch, 30 new hires by end 2024-source

Ally Financial

Chevron

Jefferies Financial Group Inc

Kraft Heinz

Coca-Cola

Warren Buffett doesn't hide the fact he loves dividends. While he doesn't buy a business solely because it pays a dividend he enjoys when companies pay one and regularly increase it.

The 7 Highest-Yielding Dividend Gems in Warren Buffet's Crown

Citigroup's stock (NYSE: C) has gained 12% YTD, as compared to the 24% rise in the S&P500 over the same period. Further, the stock is currently trading at $51 per share, which is 8% below its fair value of $56 – Trefis' estimate for Citigroup's valuation.

Rising Only Half The S&P's Gain In 2023, Where Is Citigroup Stock Headed?

Diageo

Globe Life Inc

Kroger

Occidental Petroleum

Sirius XM Holdings Inc

T-Mobile US

The article discusses the dividend-paying stocks in Warren Buffett's Berkshire Hathaway portfolio. It highlights three stocks - The Kraft Heinz Co, Ally Financial Inc, and HP Inc - that have annual dividends exceeding their single share prices. The article also provides projected net gains for ten top Buffett-held dividend stocks by December 2024.

Buffett's 4 Dividend Buys For December

Citigroup Inc.'s C shares have rallied 17.6% so far this year, outperforming the industry's rise of 14%. This marks a turnaround from the dismal 2022 performance, wherein the stock lost 22.1%.

Will Citigroup's (C) Business Transformation Moves Aid in 2024?

Bank of America

JPMorgan Chase & Co

Wells Fargo

The earnings calendar is barren until the end of the year, but earnings aren't far off for leaders like JPMorgan and Wells Fargo.

Earnings Calendar Spotlight: 4 Red-Hot Financial Stocks To Watch As Q4 Earnings Season Looms

NEW YORK--(BUSINESS WIRE)--Citi's Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program. ZKH's American Depositary Shares (“ADSs”) trade on the NYSE under the ticker “ZKH”. Each ADS represents thirty-five (35) Class A ordinary shares of ZKH. The initial public of.

Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program

Citigroup (C) is expected to close its global distressed-debt trading business due to volatile returns, inherent business risk and operational challenges.

Citigroup (C) to Shut Distressed-Debt Trading Amid Volatility

Citigroup Inc. is reportedly closing its distressed-debt business as the latest part of Chief Executive Jane Fraser's overhaul of the major Wall Street bank.

Citigroup to close distressed-debt desk as bank's overhaul continues: reports

Dec 20 (Reuters) - U.S. lender Citigroup (C.N) is closing its global distressed-debt business as part of CEO Jane Fraser's overhaul, CNBC reported on Wednesday citing people with direct knowledge of the matter.

Citigroup to shut global distressed-debt business - CNBC

Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.

Citigroup to close global distressed-debt business as part of CEO Jane Fraser's overhaul

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

Goldman Sachs

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

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.

News for Citigroup Stock (C)