Core Insights - Citigroup's fourth-quarter earnings reflect a positive trend in the banking sector, driven by consumer spending, resilient macroeconomic conditions, and growth in digital payments and banking [1] Financial Performance - Branded credit card spending volumes increased by 5% to $135 billion, with average loans in the segment rising 6% year on year to $113 billion [2] - The 90-day delinquency rate for credit cards was 1.18%, up 0.11% from the previous year, while the net credit loss rate increased to 3.6%, up 0.4% from the fourth quarter of last year [2] - Active mobile users grew by 8% to 20 million, and installment loans reached $7 billion, a 12% increase from the year-ago period [2] Strategic Initiatives - The CEO highlighted strong momentum across all business segments, with growth driven by both high-end consumers and a robust corporate sector [3] - The company is on track with its restructuring efforts, having simplified its operations and exited consumer businesses in nine countries, with plans to complete exits in the remaining two [4] - Citi Payments Express, an online bill payment service, has been launched in 18 countries, and 4 million retail banking customers have been transitioned to the new banking platform in the U.S. [4] Technological Advancements - The company has accelerated its use of AI, equipping 30,000 developers with tools to enhance efficiency and launching two AI platforms for its workforce [5] - Investments in digital and data capabilities are helping the company gain market share in security services [5] Retail Banking Focus - The company is emphasizing primary checking growth through simplified banking, fostering a relationship-based approach rather than a transactional one, which is also benefiting its wealth management business [6]

Earnings Performance - JPMorgan Chase & Co (JPM) reported strong fourth-quarter profit and revenue, with its stock up 2.2% to $252.95, marking a 50.3% year-over-year increase and nearing its record high of $254.31 [1][2] - Wells Fargo & Co (WFC) saw a 7.4% increase in stock price to $76.44, its largest single-day gain since Nov 6, and a 62.7% rise over the past 12 months [1][3] - Citigroup Inc (C) added 7.5% to trade at $78.96, achieving a 35.7% increase over the last nine months and reaching its highest level since June 2021 [1][3] Stock Performance and Trends - JPMorgan Chase & Co (JPM) is on track for its third consecutive daily win, bouncing off its 60-day moving average [2] - Wells Fargo & Co (WFC) is trading close to its all-time peak of $78.13, aiming for its third consecutive gain [3] - Citigroup Inc (C) is eyeing its best day since Nov 6, reflecting strong momentum in its stock performance [3] Options Activity - JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC), and Citigroup Inc (C) are among the top 10 stocks with the most unusual options activity, attracting four times the typical call volume [4] - The most active options contracts are the January 250 call for JPM, the 80 call for C, and the April 82.50 call for WFC, indicating significant investor interest in these stocks [4]

Financial Data and Key Metrics - The company held its Fourth Quarter 2024 Earnings Call, hosted by Jenn Landis, Head of Investor Relations, with CEO Jane Fraser and CFO Mark Mason presenting [1][2][3] - The presentation contains forward-looking statements based on management's current expectations, subject to uncertainty and changes in circumstances [4] Business Line Data and Key Metrics - No specific financial data or key metrics for individual business lines were provided in the content Market Data and Key Metrics - No specific market data or key metrics were provided in the content Company Strategy and Industry Competition - CEO Jane Fraser started the presentation by discussing the macro backdrop and then walked through the company's full-year results, indicating a focus on broader economic conditions and overall performance [5] Management Commentary on Operating Environment and Future Outlook - No specific commentary on the operating environment or future outlook was provided in the content Other Important Information - The earnings call was recorded, and participants were instructed to hold questions until the formal remarks were completed [1] - The presentation is available for download on the company's website, citigroup.com [4] Q&A Session Summary - No Q&A session details were provided in the content

Citigroup exceeded expectations in Q4 2024, driven by strong business performance.Banking giant Citigroup (C 6.77%) reported fourth quarter and full-year earnings on Wednesday, Jan. 15, that topped analyst consensus estimates. Revenue of $19.6 billion came in just ahead of analyst forecasts for $19.51 billion. Earnings per share of $1.34 exceeded the expected $1.22 and was a big improvement over a $1.16 per share loss reported in Q4 2023. Overall, the quarter revealed a mix of strong revenue growth alongsid ...

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 in the fourth quarter of 2023.For 2024, adjusted net income per share was $4.04 compared with $5.94 reported in 2023.Shares of the company gained almost 5.6% in pre-market trading on better-than-expected results, driven by solid investment banking (IB) business performance.Find the latest earnings estimates and surprises on the Zacks Earni ...

Citigroup (C) Q4 2024 Earnings Call January 15, 2025 11:00 AM ET Company Participants Jenn Landis - Head of IRJane Fraser - CEOMark Mason - CFOMike Mayo - Managing DirectorBetsy Graseck - Managing DirectorEbrahim Poonawala - Managing Director - Head of North American Banks ResearchGerard Cassidy - Managing DirectorMatthew O'Connor - Managing Director Conference Call Participants James Mitchell - Senior Equity AnalystJohn McDonald - Senior Research AnalystErika Najarian - Managing Director & Equity Research ...

The stock market was having a strong day on Wednesday, with the S&P 500 (^GSPC 1.34%) and Nasdaq Composite (^IXIC 1.80%) higher by 1.6% and 1.9% as of 10 a.m. ET. But the big bank stocks are leading the way, with several major U.S. financial institutions spiking higher. In fact, Wells Fargo (WFC 6.17%), Goldman Sachs (GS 4.95%), and Citigroup (C 6.49%) were all higher by 5% or more for the day.There are two main reasons why these bank stocks are soaring. Bank earnings are far better than expectedFirst, bank ...

Exhibit 99.2 CITIGROUP—QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q24 | Citigroup | Page | | --- | --- | | Financial Summary | 1 | | Consolidated Statement of Income | 2 | | Consolidated Balance Sheet | 3 | | Operating Segments, Reporting Units, and Components—Net Revenues | | | and Income | 4 | | Services | 5 | | Markets | 6 | | Banking | 7 | | Wealth | 8 | | U.S. Personal Banking (USPB) | 9 | | Metrics | 10 | | All Other | 11 | | Legacy Franchises | 12 | | Corporate/Other | 13 | | Reconciling Items—Divestiture- ...

Citigroup (C) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.20%. A quarter ago, it was expected that this U.S. bank would post earnings of $1.34 per share when it actually produced earnings of $1.51, delivering a surprise of 12.69%.Over the last four quarters, the company has surp ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...