Two of the biggest US banks, Citigroup and Bank of America, notched better-than-expected profits in the first three months of this year as traders raked in higher revenues amid President Donald Trump’s threat to start a global trade war.The banks reaped the benefits of investors adjusting their portfolios after being spooked about a possible return to protectionist trade policies, following a similar trend at fellow Wall Street giants JPMorgan and Goldman Sachs.President Trump had unveiled a string of ‘reci ...

Financial Performance Highlights - Citigroup reported revenues of $216 billion, up 3% year-over-year[6] - Net income reached $41 billion, a 21% increase compared to the previous year[7] - The Return on Tangible Common Equity (RoTCE) improved to 91%, up approximately 150 basis points year-over-year[6] - The CET1 Capital Ratio stands at 134%, about 130 basis points above the current regulatory minimum[6] Business Segment Performance - Markets experienced a revenue increase of 12% year-over-year, driven by growth in both Fixed Income and Equity markets[7] - Banking revenues also increased by 12% year-over-year, primarily due to growth in Investment Banking[7] - Wealth revenues increased by 24% year-over-year, driven by growth across Citigold, the Private Bank, and Wealth at Work[7] - US Personal Banking (USPB) revenues increased by 2% year-over-year, driven by higher Net Interest Income (NII) in Branded Cards and Retail Banking[7] Expense Management - Expenses decreased by 5% year-over-year, driven by a smaller FDIC special assessment, the absence of a restructuring charge, and lower compensation[13] - Excluding the impact of the FDIC special assessment and divestitures, expenses were down 3% year-over-year[16]

Core Insights - Citigroup Inc.'s first-quarter 2025 adjusted net income per share was $1.96, exceeding the Zacks Consensus Estimate by 6.5% and up from $1.58 in the same period last year [1] - The company reported a net income of $4.1 billion, reflecting a 21% increase year-over-year [2] Revenue and Expenses - Revenues, net of interest expenses, increased by 3% year-over-year to $21.6 billion, surpassing the Zacks Consensus Estimate by 1.9% [3] - Net interest income rose 4% year-over-year to $14 billion, while non-interest revenues increased by 1% to $7.6 billion [3] - Operating expenses decreased by 5% year-over-year to $13.4 billion, attributed to lower FDIC special assessment expenses, absence of restructuring charges, and reduced compensation expenses [4] Segment Performance - In the Services segment, total revenues were $4.9 billion, up 3% year-over-year, driven by growth in Treasury and Trade Solutions [5] - The Markets segment saw revenues increase by 12% year-over-year to $5.9 billion, fueled by growth in Fixed Income and Equity markets [5] - Banking revenues rose by 12% year-over-year to $1.2 billion, primarily due to growth in investment banking [6] - U.S. Personal Banking revenues were $5.2 billion, up 2% year-over-year, while Wealth segment revenues increased by 24% to $2.1 billion [6][7] - Revenues in the All Other segment declined by 39% year-over-year to $1.4 billion [7] Balance Sheet and Credit Quality - At the end of Q1 2025, deposits rose by 2% to $1.32 trillion, and loans increased by 1% to $702 billion [8] - Total non-accrual loans fell by 2% year-over-year to $2.7 billion, while provisions for credit losses increased by 15% to $2.72 billion [9] Capital Position - The Common Equity Tier 1 capital ratio was 13.4%, slightly down from 13.45% in Q1 2024 [10] - The supplementary leverage ratio was 5.8%, marginally down from 5.84% in the prior year [11] - The company returned $2.8 billion to shareholders through dividends and share repurchases [12] Outlook - Management expects revenues for 2025 to be between $83.1 billion and $84.1 billion, with net interest income projected to rise by 2-3% year-over-year [13] - Expenses are anticipated to be slightly lower than $53.4 billion [13] Strategic Initiatives - The company is focusing on business transformation initiatives, including exits from consumer businesses and organizational simplification, which are expected to enhance long-term results [15]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender's earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose results were also lifted by stronger equities trading. While industry profits rose, executives warned that U.S. tariff policies cast a shadow over the economic outlook."We continue to help our clients navigate ...

Core Insights - Citigroup reported quarterly earnings of $1.96 per share, exceeding the Zacks Consensus Estimate of $1.84 per share, and showing an increase from $1.58 per share a year ago, resulting in an earnings surprise of 6.52% [1] - The company achieved revenues of $21.6 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.95% and up from $21.1 billion year-over-year [2] - Citigroup has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Performance - The earnings surprise for the previous quarter was 7.20%, with actual earnings of $1.34 per share compared to an expected $1.25 [1][2] - The current consensus EPS estimate for the upcoming quarter is $1.77, with projected revenues of $20.77 billion, and for the current fiscal year, the EPS estimate is $7.39 on revenues of $83.62 billion [7] Stock Performance and Outlook - Citigroup shares have declined approximately 10.2% year-to-date, while the S&P 500 has decreased by 8.1% [3] - The company's earnings outlook is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] - The Financial - Investment Bank industry, to which Citigroup belongs, is ranked in the bottom 33% of Zacks industries, suggesting potential challenges ahead [8]

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 ...

Core Insights - Airbnb does not have its own credit card, but various rewards credit cards can be utilized to earn rewards on Airbnb expenses and potentially save money for frequent users [1][41]. Group 1: Best Credit Cards for Airbnb - The Capital One Venture Rewards Credit Card is highlighted as the best overall for covering Airbnb stays, offering a welcome bonus of 75,000 miles after spending $4,000 in the first 3 months, equivalent to $750 in travel [3][20]. - The Chase Sapphire Preferred® Card is noted for flexible redemptions, providing 2x points on eligible Airbnb purchases and a welcome offer of 75,000 bonus points after spending $5,000 in the first 3 months [7][9]. - The Chase Freedom Unlimited® offers cash back with no annual fee, allowing users to earn a $200 bonus after spending $500 in the first 3 months, and similar redemption options for Airbnb stays as the Sapphire Preferred [11][13]. Group 2: Rewards and Benefits - The Capital One Venture X Rewards Credit Card provides premium travel perks, including 10x miles on hotels and vacation rentals booked through Capital One Travel, with a welcome offer of 75,000 miles after spending $4,000 in the first 3 months [20][22]. - The Citi Custom Cash® Card allows users to earn 5% cash back on their top eligible spending category each billing cycle, which can include short Airbnb stays, with a welcome offer of $200 in cash back after spending $1,500 in the first 6 months [15][18]. - The Bank of America Premium Rewards® Credit Card offers 2x points on eligible Airbnb purchases and a welcome offer of 60,000 online bonus points after spending $4,000 in the first 90 days [24][25]. Group 3: Redemption Options - Credit cards can provide various redemption options for Airbnb stays, including gift cards, statement credits, and cash deposits into bank accounts [41][44]. - Users can earn rewards on Airbnb purchases as these typically code as travel, allowing for higher rewards rates on travel purchases [44][46]. - Many rewards credit cards allow users to cover past Airbnb purchases with rewards, enhancing the value of the rewards earned [42][43]. Group 4: Tips for Maximizing Rewards - To maximize savings, users are encouraged to earn credit card rewards on their stays and consider using rewards to cover Airbnb costs [47][48]. - Booking through airline loyalty program portals can yield additional rewards on Airbnb stays [49]. - Purchasing discounted gift cards for Airbnb can also be a strategic way to save money [50].

智通财经4月14日电，花旗集团将戴尔科技目标价从145美元下调至105美元。 ...