Third Quarter 2023 Earnings Call Transcript - Citigroup

We remain on track to meet the revenue and expense guidance we set for the year. ... and we remain on track to separate Mexico next year, followed by an IPO in 2025. Transformation …

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Citigroup Stays On Track In Third Quarter; 2023 Guidance Next …

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Oct 14, 2022 · No-moat Citigroup reported decent third-quarter results. Earnings per share of $1.63 came in ahead of the FactSet consensus of $1.42; the primary difference with our own …

morningstar.com

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3Q23 C Press Release - Citigroup

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New York, October 13, 2023 Citigroup Inc. today reported net income for the third quarter 2023 of $3.5 billion, or $1.63 per diluted share, on revenues of $20.1 billion. ... third quarter 2023 was …

citigroup.com

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Citigroup (C) Q3 2023 Earnings: What To Expect - Nasdaq

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Oct 12, 2023 · This was evidenced with a solid top line beat in the second quarter when the bank posted better-than expected revenue of $19.44 billion, which beat Wall Street consensus …

nasdaq.com

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Citi Q3 2023 Revenues Beat Analyst Forecasts - Retail Banker …

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Oct 13, 2023 · Third quarter results include divestiture-related impacts of $299m earnings before taxes. This is primarily driven by a gain on the sale of Citi’s Taiwan consumer business. …

retailbankerinternational.com

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Citigroup’s 4Q23 Results Do Not Disprove Strategy - Fitch Ratings

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Fitch Ratings-New York-12 January 2024: Citigroup Inc. (Citi; A/Stable) reported a net loss of $1.8 billion for the three-month period ended Dec. 31, 2023, according to Fitch Ratings. Full year …

fitchratings.com

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Citigroup Issues FY23 Outlook; Expects Modest Buybacks In Q4

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Oct 13, 2023 · The company expects modest buybacks in the fourth quarter. Third quarter net income was $3.5 billion, increased 2% from the prior-year period, primarily driven by the …

businessinsider.com

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Third Quarter 2023 Results And Key Metrics - Citigroup

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New York, October 13, 2023 – Citigroup Inc. today reported net income for the third quarter 2023 of $3.5 billion, or $1.63 per diluted share, on revenues of $20.1 billion. This compares to net …

citigroup.com

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Citi Cuts Return Targets To Spend More On Regulatory Fixes, Plans …

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20 hours ago · Trading desks benefited from a banner year in U.S. equities, with the S&P 500 touching record-high levels in the fourth quarter. Markets revenue at Citi jumped 36% to $4.6 …

yahoo.com

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Citi Sustains UPS Stock Buy Rating Amid USPS Split

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3 days ago · The company reported a 5.6% year-over-year increase in consolidated revenue, reaching $22.2 billion in the third quarter, and a 22.8% rise in consolidated operating profit to …

investing.com

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Citi Cuts Return Targets To Spend More On Regulatory Fixes, Plans …

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20 hours ago · Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, sending shares of the third-largest U.S. lender up 7.4% in afternoon trading on …

reuters.com

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Citigroup Q3 Earnings Beat Estimates, IB Revenues Increase 31% Y/Y

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Oct 15, 2024 · Citigroup Inc.’s C third-quarter 2024 adjusted net income per share of $1.51 surpassed the Zacks Consensus Estimate of $1.34. The metric decreased 0.7% from the year …

nasdaq.com

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Earnings Call Transcript: Citigroup Beats Q4 2024 Expectations, …

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20 hours ago · Outlook & Guidance. Looking forward, Citigroup expects full-year revenue for 2025 to be between $80 billion and $81 billion. ... historical third quarter seasonality. ... by NIR ex …

investing.com

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Citi Maintains Neutral Rating On MPLX Stock, Wants Double-digit ...

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3 days ago · The firm's analysis anticipates fourth-quarter 2024 EBITDA of $1.695 billion for MPLX, aligning with the average Wall Street estimate. The forecast reflects a sequential …

investing.com

FAQs about Third Quarter 2023 Earnings Call Transcript - Citigroup Coupon?

How did Citigroup perform in Q3 2024?

Citigroup Inc.’s C third-quarter 2024 adjusted net income per share of $1.51 surpassed the Zacks Consensus Estimate of $1.34. The metric decreased 0.7% from the year-ago quarter. ...

How much did Citigroup cost of credit in Q3 2023?

Citigroup cost of credit was approximately $1.8 billion in the third quarter 2023, compared to $1.4 billion in the prior-year period, primarily driven by the continued normalization in net credit losses and volume growth in cards in PBWM. ...

What was Citigroup's net income for the third quarter 2023?

View Financial Supplement (Excel) New York, October 13, 2023 – Citigroup Inc. today reported net income for the third quarter 2023 of $3.5 billion, or $1.63 per diluted share, on revenues of $20.1 billion. This compares to net income of $3.5 billion, or $1.63 per diluted share, on revenues of $18.5 billion for the third quarter 2022. ...

Why did Citigroup's operating expenses increase 6% in Q3 2023?

Citigroup operating expenses of $13.5 billion in the third quarter 2023 increased 6%, largely driven by investments in risk and controls, severance and the impact of inflation. The expense increase was partially offset by productivity savings and expense reductions from the closed exits and wind-downs. ...

What happened to Citigroup's headcount at the end of 2024?

On Wednesday, the investment bank reported that its headcount at the end of 2024 was 229,000, unchanged from the previous three months. Citigroup has eliminated 11,000 roles, just more than half of what it promised after launching a major restructuring effort in September 2023. ...

Why did Citigroup cut its guidance for profitability in 2026?

(Reuters) -Citigroup cut its closely watched guidance for profitability in 2026 as it tackles rising regulatory expenses, but also announced a $20 billion share buyback program. Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking. ...