Citigroup's (C) Q4 Earnings Beat Estimates, Revenues Decline

Citigroup Inc.’s (C) fourth-quarter 2023 earnings per share (excluding the impact of notable items) of 84 cents surpassed the Zacks Consensus Estimate of 73 cents. Including the impact of notable items in the quarter, C recorded loss per share of $1.16. It registered earnings of$1.16 a year ago. Our estimate was pegged at $1.15.It witnessed growth in total loans and deposits in the quarter. However, a decline in revenues and deteriorating credit quality are near-term woes.Net loss for the quarter was$1.8 ...