Citigroup (C) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this U.S. bank would post earnings of $1.25 per share when it actually produced earnings of $1.34, delivering a surprise of 7.20%.Over the last four quarters, the company has surpa ...

Financial Performance - Total revenues for Q1 2025 reached $21,596 million, an increase of 11% from Q4 2024 and 3% from Q1 2024[3]. - Net income attributable to Citigroup was $4,064 million, reflecting a 42% increase from Q4 2024 and a 21% increase from Q1 2024[3]. - Diluted earnings per share (EPS) rose to $1.96, up 46% from Q4 2024 and 24% from Q1 2024[3]. - Citigroup's net income for Q1 2025 reached $4,064 million, representing a 42% increase from Q4 2024 and a 21% increase from Q1 2024[8]. - Total net revenues reported for Q1 2025 were $21,596 million, an increase of 11% from Q4 2024 and 3% from Q1 2024[13]. - Income from continuing operations for Q1 2025 was $4,108 million, reflecting a 42% increase from Q4 2024 and a 21% increase from Q1 2024[13]. - Net income for Q1 2025 was $1,782 million, up 77% from Q4 2024 and 27% from Q1 2024[23]. - Net income for Q1 2025 was $284 million, a 15% decrease from Q4 2024 but a 62% increase from Q1 2024[33]. - Net income (loss) for Q1 2025 was $(870) million, a 19% increase from Q4 2024 but an 82% decrease from Q1 2024[46]. - Net income for Q1 2025 was a loss of $60 million, a 63% improvement from a loss of $161 million in Q4 2024[50]. Revenue Breakdown - Net interest income (NII) rose to $14,012 million, reflecting a 2% increase from Q4 2024 and a 4% increase from Q1 2024[8]. - Total non-interest revenues (NIR) increased by 32% to $7,584 million compared to Q4 2024, and by 1% compared to Q1 2024[8]. - Principal transactions revenue surged by 72% to $3,921 million compared to Q4 2024, and increased by 20% from Q1 2024[8]. - Total revenues, net of interest expense, reached $5,986 million in Q1 2025, reflecting a 31% increase from Q4 2024 and a 12% increase from Q1 2024[23]. - Total revenues, net of interest expense, for Q1 2025 were $1,445 million, an 8% increase from Q4 2024 but a 39% decrease from Q1 2024[46]. Asset and Liability Management - Total assets increased to $2,571.5 billion, a 9% rise from Q4 2024 and a 6% rise from Q1 2024[3]. - Total liabilities rose to $2,358,256 million, reflecting a 10% increase from the previous quarter[10]. - Total stockholders' equity increased to $212,408 million, a 2% rise from the previous quarter[10]. - Total common equity increased by 2% to $194,058 million[10]. - Total average interest-earning assets increased from $2,250.2 billion in 1Q24 to $2,306.2 billion in 1Q25[4]. Loan and Deposit Trends - Total loans at the end of Q1 2025 were $702.1 billion, a 1% increase from Q4 2024 and a 4% increase from Q1 2024[3]. - Total deposits reached $1,316.4 billion, up 2% from Q4 2024 and 1% from Q1 2024[3]. - North America deposits increased to $406.2 billion in Q1 2025, up 2% from Q4 2024 and 8% from Q1 2024[72]. - International deposits totaled $444.4 billion in Q1 2025, marking a 5% increase from Q4 2024 and a 2% increase from Q1 2024[72]. - Total consumer loans decreased slightly to $386.3 billion in 1Q25, a 2% decline from 4Q24 but a 1% increase from 1Q24[68]. Efficiency and Operating Expenses - The efficiency ratio improved to 62.2%, a decrease of 490 basis points from Q4 2024[3]. - Operating expenses for Q1 2025 were $13,425 million, which is a 3% increase from Q4 2024 but a 5% decrease from Q1 2024[8]. - Total operating expenses for Q1 2025 were $2,584 million, a decrease of 1% from Q4 2024 and 3% from Q1 2024[18]. - Total operating expenses for Q1 2025 were $3,468 million, a 9% increase from Q4 2024 and a 2% increase from Q1 2024[23]. - The efficiency ratio improved to 58% in Q1 2025, a decrease of 1,100 basis points from Q4 2024[23]. Credit Quality and Losses - Provisions for credit losses and for benefits and claims totaled $2,723 million, a 5% increase from Q4 2024 and a 15% increase from Q1 2024[8]. - The provision for credit losses on loans remained stable at $2,561 million, showing no change from Q4 2024 but a 6% increase from Q1 2024[8]. - Net credit losses (NCLs) for loans in 1Q25 amounted to $2,459 million, representing a 7% increase from the previous quarter[78]. - Non-accrual loans totaled $2,704 million in 1Q25, showing a 2% decrease from 4Q24[83]. - The total allowance for credit losses as a percentage of total loans was 2.70% in 1Q25, consistent with 4Q24[78]. Capital Ratios and Equity - Common Equity Tier 1 (CET1) Capital ratio stood at 13.4%, slightly down from 13.63% in Q4 2024[3]. - Citigroup's Common Equity Tier 1 (CET1) capital was $153,142 million as of March 31, 2024, with a CET1 capital ratio of 13.45%[87]. - The tangible common equity (TCE) was reported at $165,307 million, with a tangible book value per share of $86.67[87]. - The total Tier 1 capital (CET1 + Additional Tier 1 Capital) was $172,065 million as of March 31, 2024[87]. - The book value per share increased to $99.08 as of March 31, 2024, from $99.70 in the previous quarter[87].

Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023.Citigroup is scheduled to report first-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects:Earnings: $1.85 per share, according to LSEGRevenue: $21.29 billion, according to LSEGProvision for credit losses: $2.57 billion, per StreetAccountTrading Revenue: Fixed income o ...

关税持续搅动全球金融市场。 在经历了史诗级动荡后，华尔街迎来了一则重大利好。有分析称，在特朗普政府豁免了热门消费电子产品和关键零 部件之后，美国科技行业暂时脱离了崩溃的边缘。另外，阿斯麦、台积电等科技巨头下周将披露最新季度财报，或 将为投资者带来新的考验。 在经历了史诗级动荡后，华尔街迎来了一则重大利好。特朗普政府已同意对智能手机、电脑、芯片等电子产品免除 所谓"对等关税"，此举有望在一定程度上缓解关税对美国消费者的价格冲击，苹果、三星等消费电子巨头或从中受 益。 美国投行Wedbush分析师Dan Ives称，在特朗普政府豁免了热门消费电子产品和关键零部件之后，美国科技行业暂 时脱离了崩溃的边缘。 他警告称，如果没有这些豁免，美国科技行业将倒退十年，人工智能革命的进程也将大大减缓。 当前美股第一季度财报季已经拉开序幕，阿斯麦、台积电、奈飞等科技巨头下周将披露最新季度财报，或将为 投资者带来新的考验。 回到市场层面，本周标普500指数累计大涨5.7%，为2023年11月来最佳单周表现；道指累计上涨4.95%，纳指累计 大涨7.29%。其中，大部分涨幅都来自周三的反弹，纳指当天暴涨超12%。 分析认为，这种剧烈 ...

Citigroup Inc. (C) is slated to report first-quarter 2025 results on April 15, 2025, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Among Citigroup’s close peers, JPMorgan (JPM) and Wells Fargo & Company (WFC) are scheduled to announce quarterly numbers on April 11.In the fourth quarter, Citigroup witnessed a rise in total loan balance. The company registered a solid increase in Investment Banking (IB) revenues. However, declines in the deposit balance and net i ...

Analysts on Wall Street project that Citigroup (C) will announce quarterly earnings of $1.84 per share in its forthcoming report, representing an increase of 16.5% year over year. Revenues are projected to reach $21.14 billion, increasing 0.2% from the same quarter last year.Over the last 30 days, there has been a downward revision of 1.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts o ...

Citigroup (C) shares soared 9.2% in the last trading session to close at $64.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.9% loss over the past four weeks.Citigroup experienced a significant stock price increase primarily driven by President Donald Trump's announcement of a 90-day pause on "reciprocal" import tariffs, which lessened investor concerns about potential economic downturns due to trade war. This optimism boo ...

Core Viewpoint - Anticipation is building for Citigroup's Q1 earnings report on April 15, with shares down 16% year-to-date amid economic uncertainties and trade tariffs, leading shareholders to seek signs of resilience to reverse the stock's decline from an eight-month low [1] Group 1: Trade Tariffs Impact - The Trump administration's trade policy overhaul includes a 10% flat tariff on imports, with higher tariffs on specific countries like China, surprising Wall Street and contributing to a stock market decline [3] - Citigroup faces challenges from the tariff regime, as clients may become cautious, potentially leading to increased delinquencies in mortgage lending, auto financing, and credit card businesses [5] - However, segments like Treasury and Trade Solutions may benefit from supply chain disruptions, capturing new business as corporate customers seek foreign exchange hedging [6] Group 2: Q1 Earnings Preview - Citigroup's Q1 earnings report is expected to show solid revenue and earnings, reflecting pre-trade war conditions, but uncertainty exists around the allowance for credit losses, which could indicate borrower health concerns [8] - The bank previously projected a revenue growth of 3% to 4% for 2025, with net income supported by cost-saving initiatives, and evidence of underlying strength could be positively received by the market [9] Group 3: Investment Appeal - Citigroup shares have declined 30% from recent highs, potentially pricing in extreme scenarios and setting a low expectation bar, positioning the stock for potential outperformance [10] - The stock trades at a price-to-book (P/B) ratio of 0.6 and a forward price-to-earnings (P/E) ratio of 8, both significantly lower than peers, suggesting undervaluation [11] - Citigroup's international corporate lending profile, with 44% of 2024 corporate lending revenue from outside the U.S., provides an edge over domestic-focused competitors [12] Group 4: Dividend and Long-term Outlook - Citigroup offers a 3.8% dividend yield, higher than Bank of America's 2.9%, supported by strong cash flows and a robust balance sheet despite near-term volatility [14] - The stock is viewed as a buy-the-dip opportunity, with upcoming Q1 earnings potentially serving as a catalyst for recovery, making it an attractive option for long-term investors [15]

A few major players dominate the U.S. banking sector, among which Citigroup Inc. (C) and Wells Fargo & Company (WFC) are prominent. Both have remained the key competitors in the banking sector, and faced challenges and opportunities influenced by economic conditions and internal strategies.Of late, C and WFC have experienced significant stock declines due to market reactions to new tariff implementations, reflecting investor concerns about economic slowdowns and their impact on banking operations.Given such ...

Core Viewpoint - The upcoming quarterly earnings reports from major U.S. banks are expected to focus more on economic outlook rather than profits, particularly in light of rising U.S. tariffs and the potential for increased loan losses [1][2] Group 1: Economic Impact on Banks - Analysts predict that banks will need to set aside billions for potential loan defaults due to the economic uncertainty caused by tariffs, leading to higher reserves for loan losses [1][2] - The economic downturn is likely to result in banks scaling back lending activities as they perceive higher risks associated with existing loans [2] Group 2: Market Reactions and Earnings Calls - Banks are anticipated to face inquiries during earnings calls regarding the recent market selloff, which has significantly impacted bank stocks after an earlier surge driven by optimism about dealmaking [3] - Major banks such as Wells Fargo, Citigroup, and JPMorgan Chase are scheduled to report earnings on April 11, with JPMorgan's CEO warning of potential long-term negative effects from tariffs, including inflation and recession [4][5] Group 3: Broader Economic Sentiment - There is a prevailing sentiment among U.S. business leaders that the country may already be in a recession, which adds to the cautious outlook for the financial sector [6] - Despite the challenges, there remains optimism about the long-term potential of the FinTech sector, driven by innovations in technology, although current economic turmoil clouds this outlook [7]