Citigroup Q3 Earnings Beat Estimates, IB Revenues Increase 31% Y/Y

Citigroup Inc.'s (C) third-quarter 2024 adjusted net income per share of $1.51 surpassed the Zacks Consensus Estimate of $1.34. The metric decreased 0.7% from the year-ago quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. As expected, Citigroup posted a year-over-year increase of 31% in Investment Banking (IB) revenues, driven by strength in Debt Capital Markets. The company also witnessed a rise in total loans and deposits balance in the quarter. However, provisions ...