Earnings call transcript: Citigroup beats Q4 2024 expectations, …

Citigroup Inc. (NYSE: C) reported stronger-than-expected earnings for the fourth quarter of 2024, with earnings per share (EPS) reaching $1.34, surpassing the forecast of $1.22.Revenue also …

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Earnings Call Transcript: Citigroup Beats Q4 2024 Expectations, …

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Citigroup Inc. (NYSE: C) reported stronger-than-expected earnings for the fourth quarter of 2024, with earnings per share (EPS) reaching $1.34, surpassing the forecast of $1.22.Revenue also …

investing.com

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Citigroup Q4 Earnings Beat, Revenues Match Estimates, Stock Up

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8 hours ago · 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 …

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Citigroup Stock Climbs After Posting Q4 Earnings Beat; Announces …

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10 hours ago · Q4 return on tangible common equity was 6.1% in Q4 and 7.0% for the year. Q4 GAAP EPS of $1.34, vs. the average analyst estimate of $1.22 (non-GAAP $1.24), declined …

seekingalpha.com

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Citigroup Q4 Results: Lender Beats Profit Estimates On Trading …

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10 hours ago · Citi's investment banking revenue jumped 35% to $925 million in the fourth quarter. Global investment banking revenue jumped 26% in 2024 to $86.8 billion, according to …

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Citigroup & JPMorgan Expect Q4 IB And Market Revenues To Rise

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Dec 11, 2024 · Further, investment banking (IB) fees are projected to be up 20-30% on a year-over-year basis in the fourth quarter of 2024 while markets revenues are expected to rise in …

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Citigroup: I’m A Fan Of Q4 Results Despite The Bank ... - Seeking …

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Jan 17, 2024 · Citi also saw their non-interest revenue plummet 43% YoY in Q4 with a full-year decline of 24% being posted by the bank. ... rates are cut in early 2024), I do not see any …

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Citigroup Expects Up To 30% Rise In Investment Banking Fees In Q4

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Dec 10, 2024 · NEW YORK (Reuters) -Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a …

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Why Citi Stock Is Up Over 40% This Year - Forbes

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Dec 10, 2024 · Citi’s Q3 2024 earnings outperformed street expectations. While revenue rose 1% to $20.3 billion compared to last year, net income stood at $3.2 billion, down about 8% …

forbes.com

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Citigroup & JPMorgan Expect Q4 IB And Market Revenues To Rise

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Further, investment banking (IB) fees are projected to be up 20-30% on a year-over-year basis in the fourth quarter of 2024 while markets revenues are expected to rise in the high-teen …

msn.com

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Citigroup Stock (NYSE:C): Looking Past The Losses

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Jan 16, 2024 · For the bank as a whole, Q4 revenue declined 3% year-over-year (2023 overall saw 4% growth), while expenses were up 23% relative to Q4 2022. This is largely due to the …

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Citigroup Expects Up To 30% Rise In Investment Banking Fees In Q4

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Dec 10, 2024 · Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a "high-teens" percentage, Chief …

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Citigroup (C) Q4 2023 Earnings: What To Expect - Nasdaq

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Jan 11, 2024 · The revenue beat was driven by a 12% year-over-year rise in Institutional Client Group revenue of $10.6 billion and 10% jump in Personal Banking and Wealth Management …

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Citi Sees Investment Banking Fees Rising As Much As 30% Y/Y In Q4

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Dec 10, 2024 · Cost of credit should be about $2.6B for Q4, Mason added. "I feel very good about the (revenue) guidance we've given for 2024 — the $80B-$81B; we're likely to be at the high …

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Citigroup CEO Sees Trading Revenue Rising 10% In Q4; Investment …

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NEW YORK, Dec 7 (Reuters) - Citigroup Inc , opens new tab expects revenue in its trading division to rise 10% in the current quarter from a year earlier, but investment banking fees will …

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FAQs about Earnings call transcript: Citigroup beats Q4 2024 expectations, … Coupon?

Does Citigroup see growth in 2024?

Citigroup sees 2024 revenue rising even as rates decline; Q4 earnings beat Jan. 12, 2024 9:09 AM ETCitigroup Inc. (C) StockBy: Liz Kiesche, SA News Editor9 Comments Mario Tama/Getty Images News ...

Is Citigroup on the high end of revenue guidance for 2024?

Mason also said he expects the bank to be on the high end of revenue guidance for 2024 when it announces its fourth-quarter and full-year results on Jan. 15. Citigroup's profit already benefited in the third quarter from higher investment banking activity, propped up by debt underwriting. ...

How did Citigroup (C) perform in Q4 2023?

Citigroup Inc. ’s C fourth-quarter 2023 earnings per share (excluding the impact of notable items) of 84 cents surpassed the Zacks Consensus Estimate of 73 cents. Including the impact of notable items in the quarter, C recorded loss per share of $1.16. It registered earnings of $1.16 a year ago. Our estimate was pegged at $1.15. ...

How much did Citigroup cost of credit in Q4 2023?

Citigroup cost of credit was approximately $3.5 billion in the fourth quarter 2023, compared to $1.8 billion in the prior-year period. ...

Will Citigroup's revenue rise 10% in Q1?

REUTERS/Andrew Kelly/File Photo NEW YORK, Dec 7 (Reuters) - Citigroup Inc (C.N) expects revenue in its trading division to rise 10% in the current quarter from a year earlier, but investment banking fees will be down 60% in line with the industry, Chief Executive Jane Fraser said on Wednesday, ...

Will Citigroup reach its profitability target in 2024?

Firstly, Citigroup has not yet reached its profitability target and is unlikely to do so in 2024, given the ongoing restructuring efforts. Furthermore, JPMorgan has delivered strong profitability year after year, earning investors’ confidence. ...