Citigroup Earnings: Continued Expense Diligence Will Be Key for ...

Q: Why did Citigroup reduce its operating expenses?

Citigroup’s operating expenses declined 18% year over year to $13.2 billion. This decrease in expenses was primarily due to savings associated with the company’s organizational simplification and stranded cost reductions, partially offset by volume-related expenses, continued investments in transformation and other risks, and control initiatives.

Q: How did Citigroup perform in Q4 2024?

Q4 revenue was $19.6 billion, surpassing the estimated $19.51 billion and rising 12% year over year. EPS of $1.34 topped the $1.22 analyst expectations. Operating expenses decreased by 18% to $13.2 billion, showcasing significant cost reductions. Citigroup exceeded expectations in Q4 2024, driven by strong business performance.

Q: How will Citigroup meet shareholder expectations in Q4 2024?

Moving forward, the emphasis on enhancing technological infrastructures and maintaining strategic investments will be pivotal for sustaining growth and meeting shareholder expectations. Citigroup exceeded expectations in Q4 2024, driven by strong business performance.

Q: Why did Citigroup swung to a profit in the fourth quarter?

Citigroup swung to a profit in the fourth quarter, fuelled by strength in trading and a recovery in deal making that drove up investment banking fees. Trading desks at the banks benefited from a banner year in U.S. equities, with the S&P 500 touching record-high levels in the fourth quarter.

Q: What factors impacted Citigroup's financial performance in Q4 2024?

Critical success factors include managing economic headwinds, regulatory compliance, risk management, and technology investments to improve customer experiences and operational efficiency. During Q4 2024, Citigroup reported notable financial gains despite some challenges.

Q: How can Citigroup improve its business performance in the long run?

The business transformation initiatives, including its consumer business exits and organizational simplification efforts, will help it in the long run. Focus on growth in the profitable business while eliminating non-viable segments will likely aid results in the long run. Citigroup Inc. price-consensus-eps-surprise-chart | Citigroup Inc. Quote

Jul 12, 2024 · Citigroup C reported middling second-quarter results, with earnings per share of $1.52, compared with $1.33 in the year-ago quarter. Citi was issued civil money penalties …

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Citigroup Earnings: Continued Expense Diligence Will Be Key For ...

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Jul 12, 2024 · Citigroup C reported middling second-quarter results, with earnings per share of $1.52, compared with $1.33 in the year-ago quarter. Citi was issued civil money penalties …

morningstar.com

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Citigroup Earnings: Continued Expense Diligence Will Be Key For ...

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Jul 12, 2024 · No-moat-rated Citigroup reported middling second-quarter results with earnings per share of $1.52 compared with $1.33 in the year-ago quarter.

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Jan 16, 2024 · Citigroup Earnings: Continued Expense Diligence Will Be Key for Turnaround Efforts Suryansh Sharma Jul 12, 2024 Wells Fargo Earnings: Shares Tumble 6% on Updated …

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Earnings Results Presentation - Citigroup.com

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Continued expense reduction (e.g., Legacy/stranded costs, productivity saves from prior investments, and a more normalized level of severance). Targeting <$53B Normalized NCL …

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Citigroup Inc.’s C fourth-quarter 2024 adjusted net income per share of $1.34 surpassed the Zacks Consensus Estimate of $1.25. The company had incurred a loss of $1.16 in the fourth …

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Citigroup Inc Q4 2024 Earnings: EPS Of $1.34 Beats Estimates, Re

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15 hours ago · Q4 revenue was $19.6 billion, surpassing the estimated $19.51 billion and rising 12% year over year. EPS of $1.34 topped the $1.22 analyst expectations. Operating expenses …

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20 hours ago · A breakdown of Citigroup's recent quarterly earnings TRADING, INVESTMENT BANKING Citi reported a net income of $2.9 billion, or $1.34 per share, for the three months …

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23 hours ago · US bank earnings as it happened: Shares jump as investors cheer bumper results. Subscribe to unlock this article. Limited time offer Save 40% on Standard Digital.

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FAQs about Citigroup Earnings: Continued Expense Diligence Will Be Key for ... Coupon?

Why did Citigroup reduce its operating expenses?

Citigroup’s operating expenses declined 18% year over year to $13.2 billion. This decrease in expenses was primarily due to savings associated with the company’s organizational simplification and stranded cost reductions, partially offset by volume-related expenses, continued investments in transformation and other risks, and control initiatives. ...

How did Citigroup perform in Q4 2024?

Q4 revenue was $19.6 billion, surpassing the estimated $19.51 billion and rising 12% year over year. EPS of $1.34 topped the $1.22 analyst expectations. Operating expenses decreased by 18% to $13.2 billion, showcasing significant cost reductions. Citigroup exceeded expectations in Q4 2024, driven by strong business performance. ...

How will Citigroup meet shareholder expectations in Q4 2024?

Moving forward, the emphasis on enhancing technological infrastructures and maintaining strategic investments will be pivotal for sustaining growth and meeting shareholder expectations. Citigroup exceeded expectations in Q4 2024, driven by strong business performance. ...

Why did Citigroup swung to a profit in the fourth quarter?

Citigroup swung to a profit in the fourth quarter, fuelled by strength in trading and a recovery in deal making that drove up investment banking fees. Trading desks at the banks benefited from a banner year in U.S. equities, with the S&P 500 touching record-high levels in the fourth quarter. ...

What factors impacted Citigroup's financial performance in Q4 2024?

Critical success factors include managing economic headwinds, regulatory compliance, risk management, and technology investments to improve customer experiences and operational efficiency. During Q4 2024, Citigroup reported notable financial gains despite some challenges. ...

How can Citigroup improve its business performance in the long run?

The business transformation initiatives, including its consumer business exits and organizational simplification efforts, will help it in the long run. Focus on growth in the profitable business while eliminating non-viable segments will likely aid results in the long run. Citigroup Inc. price-consensus-eps-surprise-chart | Citigroup Inc. Quote ...