UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inc ...

VV ShotsIn my previous articles (such as this article), I recognized quite early on that Citigroup's (NYSE:C) (NEOE:CITI:CA) strategic restructure is the genuine focus. It was clear that Jane Fraser's plan wasn't just a cosmetic or "a lipstick on a pig" exercise, unlike the 12 or so prior attempted restructures. The key signs for me were: Abandoning the global ambition of the Global Consumer Bank (the prior strategy didn't make any sense whatsoever to me); Committed investment in high ROE and capital-l ...

The financial sector is often seen as a bellwether for the overall economy, and right now, it’s sending out healthy signals. As expectations for a soft landing of the U.S. economy increase, financial stocks are on investors’ radars. Additionally, improving consumer sentiment levels and a resilient housing market are also contributing to a favorable environment for financial stocks.In this article, we’ll take a closer look at three financial stocks that could continue to do well in the coming months, includi ...

VV Shots Citigroup (NYSE:C) has been the clear laggard of the big U.S. banks since the Financial Crisis. It was a poorly constructed collection of businesses, run inefficiently for decades. With that said, there have been opportunities to make a lot of money in the stock by buying at sizeable discounts to tangible book value, while prices close to tangible book value have made for good selling prices. There is hope that Citigroup's management team is on the right track and finally should start hitting the i ...

Monday, April 15th, 2024A new trading week starts with pertinent content. Not only does Q1 earnings season pick up following Friday morning’s release of earnings data from big banks like JPMorgan (JPM) and Citigroup (C) , but we also see new inflation metrics hitting the tape. The immediate takeaway is that pre-market futures are rather pleased with these outcomes, with the Dow moving from +230 points to +324, the S&P 500 from +31 to +42 and the Nasdaq from +127 points to +165 points. Meanwhile, bond yields ...

Key TakeawaysJPMorgan Chase, Citigroup, and Wells Fargo reported first-quarter results Friday—all three posted lower net interest income.However, these banks' earnings all increased from the fourth quarter as investment banking and trading revenue surged.Each big bank reduced the amount it set aside for potential credit losses, although average loan balances fell slightly. Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest ...

The market isn’t particularly impressed with what it saw in the quarterly releases from JPMorgan (JPM) , Citigroup (C) , and even Wells Fargo (WFC) . Part of the issue appears to be underwhelming guidance, particularly from JPMorgan, that most analysts saw as overly conservative.We see the Q1 results from these three major banks as good enough; not great, but definitely not bad either. There were no major surprises from either of the three banks. In our view, the likely explanation for the market’s tentativ ...

April 12, 2024 Earnings Results Presentation Our strategy and path forward remains unchanged ...

Citigroup Inc. (NYSE:C) Q1 2024 Earnings Conference Call April 12, 2024 11:00 AM ET Company Participants Jennifer Landis - Head of IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Betsy Graseck - Morgan Stanley Jim Mitchell - Seaport Global Ebrahim Poonawala - Bank of America Erika Najarian - UBS John McDonald - Autonomous Research Ken Usdin - Jefferies Vivek Juneja - JPMorgan Scott Siefers - Piper Sandler Gerard Cassidy - RBC Capital Markets ...

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix.The earnings materials detailed that branded card-related volumes were 4% higher year on year in the March period, to just under $121 billion. End of period loans were 11% higher on those branded cards.The company’s organization revamp is largely complete, CEO Jane Fraser said, who added that “we are intensifying our efforts such as automating certain regulatory processes and the data r ...