Compared to Estimates, Citigroup (C) Q3 Earnings: A Look at Key Metrics

Core Viewpoint - Citigroup reported a revenue of $20.32 billion for Q3 2024, showing a year-over-year increase of 0.9$1.51, slightly down from $1.52 a year ago, but surpassed the consensus estimate of$1.34 by 12.69% [1] - Book value per common share was $101.91, exceeding the average estimate of$100.80 [2] - Efficiency Ratio stood at 65.2%, better than the estimated 67.3% [2] - Net Interest Margin (FTE) was reported at 2.3%, slightly below the estimated 2.4% [2] - Average balance of total interest-earning assets was $2,282.12 billion, above the estimate of$2,276.26 billion [2] Revenue Breakdown - Markets Revenues, net of interest expense, reached $4.82 billion, surpassing the average estimate of$4.59 billion [2] - Equity Markets revenue was $1.24 billion, significantly higher than the estimated$983.36 million [2] - Fixed Income markets revenue totaled $3.58 billion, slightly below the estimate of$3.61 billion [2] - US Personal Banking Revenues, net of interest expense, were $5.05 billion, lower than the average estimate of$5.14 billion [2] - Services Revenues, net of interest expense, amounted to $5.03 billion, exceeding the estimate of$4.73 billion [2] - Corporate/ALL OTHER Revenues Managed Basis (net of interest expense) was $1.83 billion, below the average estimate of$2.13 billion [2] - Treasury and Trade Solutions revenue totaled $3.64 billion, above the estimate of$3.51 billion [2] - Securities Services revenue was $1.39 billion, higher than the estimated$1.22 billion [2] Stock Performance - Citigroup shares have returned +13.1% over the past month, outperforming the Zacks S&P 500 composite's +4.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]