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 reported a decent increase in earnings in Q3 2023, but its stock price has slightly declined since the announcement.

Citigroup: Banks Are Back, And This Is My Favorite

Bank of America

Goldman Sachs

Morgan Stanley

Wells Fargo

Staffing levels at some of America's biggest banks are reportedly getting smaller. Aside from the country's largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting jobs all year, CNBC reported Thursday (Oct. 19.

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates

DBS Group Holdings Ltd

The Monetary Authority of Singapore (MAS) on Thursday told DBS Group Holdings' unit DBS Bank and Citibank Singapore to conduct a thorough investigation after they failed to recover their systems fully within a required timeframe during an unscheduled outage on Oct. 14.

Singapore's central bank tells DBS, Citibank to investigate system outage

LONDON--(BUSINESS WIRE)--Citi has published its latest Global Perspectives & Solutions (Citi GPS) report titled: SUPPLY CHAIN TECHNOLOGY - Improving Efficiency, Resilience, and Transparency. The report looks at how recent disruptions to global supply chains are driving firms to embrace digitalisation and technological innovations more broadly, across production and storage, delivery and recycling, and decision-making. COVID-19 created a bullwhip like effect in global markets, leading to an.

Citi GPS - Supply Chain Technology to Drive Efficiency, Resilience and Transparency

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Citigroup: Not There Yet, But Making Progress And Still Undervalued

NEW YORK--(BUSINESS WIRE)--Citi and Navan, a leading modern travel and expense management solution, today announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders. The strategic agreement, which combines Navan's all-in-one solution and Citi's leading commercial card solutions, leverages the innovative card-link technology of Navan Connect to create a seamless digital experience for Citi Commercial Bank cardholders. As the indus.

Citi and Navan Launch First Complete Travel and Expense System for Citi Commercial Bank Clients

MIAMI--(BUSINESS WIRE)--Citigroup Center, a 810,000-square-foot, 34-story trophy tower in Downtown Miami and the second-largest Class A office building in the state of Florida, today announced a leasing agreement with Cactus Club Cafe for a 10,000-square-foot, indoor/outdoor restaurant and lounge. With 34 locations across Canada, Cactus Club Cafe is a restaurant collection serving up contemporary dining experiences that feature global and local cuisines. As part of their U.S. expansion, Cactus.

Downtown Miami's Citigroup Center Inks Deal With Cactus Club Cafe for 10,000-SF Restaurant and Lounge on Ground Floor

When Jane Fraser became CEO of Citigroup nearly two years ago, in the middle of the pandemic, she established the kind of flexible hybrid work culture that's mostly unheard of among elite Wall Street bankers.

Wall Street's biggest WFH advocate is bringing underperforming staff back into the office

Arbor Realty Trust

Ares Commercial Real Estate

Apollo Commercial Real Estate Finance

Black Hills

BrightSpire Capital

Federal Realty Investment Trust

FS KKR Capital Corp

Realty Income Corp

OFS Capital

Oxford Lane Capital

Oxford Square Capital

Pfizer

PennantPark Floating Rate Capital

AT&T

Prior to September 30, 2023, my Readers mentioned 35 equities in their comments on my articles. Some bad news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: C, ABR, BKH, FRT, MMM, O, T, PFE, PBR.A, and BRSP, averaged 36.1% net gains from reader data collected 10/13/23.

35 September Readers-Noted, And 27 Ideal-To-Buy, Dividend Dogs

Citigroup reported solid Q3 results, but the stock remains near its 52-week lows due to concerns about a potential recession and higher capital requirements. The bank has already embedded loss reserves for a recession and is divesting noncore businesses to reduce capital requirements. Management expects a big improvement in 2024 and is confident in achieving its medium-term return on tangible common equity target of 11-12%.

Citigroup Offering 15.7% Earnings Yield And 47% Of Tangible Book Value

JPMorgan Chase & Co

Losses on loans remain modest despite rising delinquencies and even rising defaults. Higher interest rates have thus far made overall lending activity a more profitable venture.

JPMorgan, Citi, & Wells Fargo Just Sent a Message: Buy Bank Stocks

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.495 billion aggregate liquidation preference of Series K Depositary Shares representing interests in its 6.875% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series K (ticker “C Pr K”) (the “Preferred Stock”). The redemption date for the Preferred Stock and related Depositary Shares is November 15, 2023 (the “Redemption Date”). The cash redemption price, payable on the Redemption Date for each Depositary Share,.

Citigroup Announces Full Redemption of Series K Preferred Stock

Value investing is about allocating capital towards equities that appear to trade for less than their intrinsic or book value. The definition of value can vary from investor to investor, but it often includes factors such as trading at a discount to book value, paying a dividend, and having growing earnings. Citigroup is identified as my top value idea due to its deep discount to book value, low P/E ratio, potential earnings growth, and dividend payment.

Citigroup: My Top Value Idea Which Also Yields Over 5%

Consumers with weaker credit histories are facing pressure. And though headwinds remain, the nation's banking public remains robust at U.S. banks.

Banks beat expectations but some economic cracks form as caution abounds

Apple

AbbVie

Abbott Labs

Archer-Daniels-Midland Company

Aflac

Ameriprise Financial

Amazon

American Express

Becton, Dickinson and Co.

Blackrock Inc

Bristol-Myers

Cardinal Health

Caterpillar

Cisco Systems

CVS Health

Chevron

Disney

Digital Realty Trust

Duke Energy

Emerson Electric

Enterprise Products Partners

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.

My Dividend Growth Portfolio - Q3 2023 Summary

Despite banks continuing to see benefits of high rates, worries about deposit costs and consumer credit still lurk.

Big-Bank Profits May Be Higher, but for How Much Longer?

The market liked what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. There was plenty to like in these results, with the resilient economy helping keep credit demand positive and higher interest rates allowing them to charge more for those loans.

Analyzing Positive Bank Earnings: An Uncertain Outlook

A new earnings season has kicked off with a bang against the backdrop of a recovering economy and shifting financial landscapes. Major US banks JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C), have unveiled robust third-quarter earnings, bolstered by a confluence of factors including higher interest rates and resilient performance in key business segments.

Major US banks report strong earnings amid favorable economic factors

Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). “The growth in spending is decelerating and the consumer is more mindful of what they spend on,” Citi CEO Jane Fraser said Friday during the bank's quarterly earnings call.

Citi: Spending Decelerates as Consumers Grow More Cautious

Citigroup Inc. (NYSE:C ) Q3 2023 Earnings Conference Call October 13, 2023 11:00 AM ET Company Participants Jen Landis - Head, IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Erika Najarian - UBS Jim Mitchell - Seaport Global Ryan Kenny - Morgan Stanley Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Vivek Juneja - JPMorgan Saul Martinez - HSBC Operator Hello, and welcome to Citi's Third Quarter 2023 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.

Citigroup Inc. (C) Q3 2023 Earnings Call Transcript

A range of the most prominent U.S. bank stocks surged between 2% and 5% in today's afternoon session. JPMorgan Chase (NYSE: JPM ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) each saw impressive increases.

Why Are Bank Stocks JPM, WFC, C Up Today?

News for Citigroup Stock (C)