Revenue segments as reported by the company.

Institutional Clients Group

Personal Banking and Wealth Management

Legacy Franchises

Services

Markets

Banking

U.S. Personal Banking

Wealth

All Other—managed basis

Reconciling Items—Divestiture-related impacts

Global Consumer Banking

Corporate / Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Provisions for credit losses and for benefits and claims

Compensation and benefits

Premises and equipment

Technology / communication

Advertising and marketing

Other operating

Restructuring

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Citigroup

Banamex is the second largest bank in Mexico.

Banamex

Citigroup, Inc. is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. The Institutional Clients Group segment provides corporate, institutional, public sector and high-net-worth clients around the world with a full range of wholesale banking products and services. This segment includes fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance and securities services. The Corporate and Other segment includes certain unallocated costs of global staff functions, other corporate expenses and unallocated global operations and technology expenses, Corporate Treasury, certain North America and international legacy consumer loan portfolios, other legacy assets, and discontinued operations. The company was founded in 1812 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Citigroup reports steady Q4 earnings, focuses on strategic transformation

Citigroup's Q4 2022 performance showed steady net income and revenue growth, with a focus on strategic priorities and transformation efforts. Challenges in investment banking and wealth management are being addressed through cost reduction and technology investments. Opportunities for growth exist in wealth management strategies and market improvements.

Citigroup reports robust Q1 earnings, eyes growth amidst uncertainties

Citigroup's Q1 2023 earnings call showcased strong financial performance, emphasizing growth in core businesses and positive prospects in Wealth Management. While facing global uncertainties and interest rate challenges, the company focuses on investments in modernization and growth opportunities in key markets. Citigroup aims for sustainable growth through strategic initiatives and prudent risk management.

Citigroup reports mixed Q2 results, focuses on revenue stability

Citigroup's Q2 performance showed mixed results with strong revenue growth in key segments but challenges in expenses and Investment Banking
The focus on steady revenues, cost reduction, and simplification efforts presents opportunities for improving returns and capital management
Client sentiment remains cautious amidst global uncertainties, with a strategic shift towards efficiency and innovation in response to market dynamics
Balancing capital adjustments, expense management, and client needs will be crucial for Citigroup's future growth and resilience

Citigroup reports solid Q3 earnings, focuses on revenue growth

Citigroup's Q3 results reflect strong revenue growth and strategic focus on capital optimization.
Despite challenges in organizational restructuring and capital requirements, the company is optimistic about revenue growth targets.
Investments in innovation and client relationships position Citigroup for future success in various business segments.
The company's commitment to efficiency and transparency underscores confidence in achieving long-term targets.

Citigroup reports record performance in 2023, outlines strategic priorities

Citigroup made strategic accomplishments in 2023 despite Q4 challenges, focusing on 2024 priorities.
The company is committed to transparency, accountability, and delivering results to shareholders.
Balancing near-term profitability improvements with future growth investments is a key focus for Citigroup.
Optimism in achieving long-term targets through expense reduction, revenue growth, and operational improvements.

Citigroup reports solid Q1 earnings, navigates challenges with strategic focus

Citigroup's Q1 earnings call showcased a mix of strong performance, strategic initiatives, challenges, and opportunities. The company's focus on cost management, revenue diversification, and enhancing client experience positions it well for future growth and profitability amidst a dynamic economic environment.

Citigroup reports robust Q3 earnings, eyes IPO readiness and compliance

Citigroup's Q3 performance showcased revenue growth, expense discipline, and progress in regulatory compliance, with a focus on optimizing shareholder value and market opportunities.
While facing challenges in Fixed Income revenues and regulatory reporting, the company aims to capitalize on opportunities in stock buybacks, IPO readiness, and client asset growth.
Overall, Citigroup's strategic initiatives position it well for sustained growth, profitability, and shareholder value creation, underpinned by a commitment to operational excellence and regulatory transparency.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Citigroup Inc. (NYSE:C ) Q3 2023 Earnings Conference Call October 13, 2023 11:00 AM ET Company Participants Jen Landis - Head, IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Erika Najarian - UBS Jim Mitchell - Seaport Global Ryan Kenny - Morgan Stanley Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Vivek Juneja - JPMorgan Saul Martinez - HSBC Operator Hello, and welcome to Citi's Third Quarter 2023 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.

Citigroup Inc. (C) Q3 2023 Earnings Call Transcript

JPMorgan Chase & Co

Wells Fargo

A range of the most prominent U.S. bank stocks surged between 2% and 5% in today's afternoon session. JPMorgan Chase (NYSE: JPM ), Wells Fargo (NYSE: WFC ) and Citigroup (NYSE: C ) each saw impressive increases.

Why Are Bank Stocks JPM, WFC, C Up Today?

Bank of America

Goldman Sachs

Morgan Stanley

Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes.

Big U.S. banks warn capital hikes could weigh on green energy, equity products

Citigroup chief Jane Fraser has unveiled a plan to eliminate five layers of management in what is poised to become the bank's largest restructuring in two decades, according to a presentation unveiled Friday.

Citigroup CEO Jane Fraser scraps five layers of management at Wall Street giant

Citigroup's (C) Q3 results are supported by the Personal Banking and Wealth Management segment's robust revenues. However, a higher cost of credit acts as a spoilsport.

Citigroup (C) Q3 Earnings & Revenues Beat, Expenses Rise Y/Y

It's the unofficial start to Q3 earnings season with the morning releases of some of the biggest banks on Wall Street. In truth, we've been seeing Q3 reports come in dribs and drabs previously this week and before.

Major Banks Start Reporting Q3 Earnings

The headline numbers for Citigroup (C) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Citigroup (C) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Citigroup Inc (NYSE: C) opened in the green this morning after reporting market-beating results for its third financial quarter.

Ian Lapey says Citi stock ‘massively undervalued' after Q3 earnings

Citigroup (C) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.50 per share a year ago.

Citigroup (C) Beats Q3 Earnings and Revenue Estimates

Major U.S. banks on Friday reported rising profits from higher interest rates on loans, but warned the economy was slowing as customers depleted their savings.

Major US banks show profit boost, but cautious on outlook, consumer health

Results from bank stocks JPMorgan Chase & Co. NYSE: JPM, Wells Fargo NYSE: WFC, and Citigroup NYSE: C are marking the start of peak Q3 earnings reporting season. The news is good, and the stocks are up, suggesting another better-than-expected season for the market.

5 Critical Details from Big Bank Results: JPM, C, and WFC

Citigroup (C)'s third quarter profit rose more than expected as revenue grew at a faster clip, even though some of that growth was offset by higher expenses.

Citi's Third Quarter Profit Rose On Revenue Growth, Expenses Remain High

Earnings season kicked off with results from three major banks. JPMorgan Chase and Wells Fargo saw profits surge from year-ago levels.

How Bank Stocks Fared on Earnings Season's Opening Day

Citigroup Inc.'s stock rose in premarket trading on Friday after the bank's third-quarter profit topped Wall Street's lowered expectations on strength in its core banking services business as well as a strong performance in its Treasury business.

Citigroup's third-quarter profit edges up and beats lowered expectations

Citigroup Inc (NYSE:C) reported better-than-expected third quarter revenue driven by growth in its Institutional Clients Group and US Personal Banking divisions. In the third quarter, the bank posted net income of $3.55 billion, or $1.63 per diluted share, on revenues of $20.14 billion.

Citigroup shares rise as revenue tops expectations

Citigroup's profit was broadly steady in the third quarter, fueled by rising interest payments and surging investment banking fees.

Citigroup profit holds steady as investment banking fees jump

NEW YORK--(BUSINESS WIRE)--Today Citi reported third quarter 2023 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical, and business-related information, as well as business and segment trends is also available. Citigroup will host a conference call today at 11:00 AM (ET) to review these results. To attend the live webcast please visit: https://www.veracast.com/webcasts/citigroup/we.

Citigroup Reports Third Quarter 2023 Results

The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank collapsed.

How U.S. bank balance sheets have changed as Fed raises rates

Citigroup Inc (NYSE:C) is one of several big bank names reporting earnings before the bell tomorrow.

Citigroup Stock Gears Up for Earnings

Options traders are braced for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed.

Options traders see larger-than-usual stock swings as banks report results

JPMorgan, Wells Fargo and Citigroup will report third-quarter results on Friday, followed by others next week.

What Will Bank Earnings Say About the Economy?

Citigroup Inc said on Thursday that its board of directors will meet in Singapore for the first time since 2011 as a show of commitment to the city state.

Citigroup's board to meet in Singapore for the first time since 2011

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan Chase & Co., Citigroup, Wells Fargo and Bank of America are expected to report a combined $5.

US Banks Brace for Surge in Bad Debt Write-Offs

Dampening market activity levels and gloomy deal-making volume are expected to have affected Citigroup's (C) Q3 fee income. Waning loan demand is likely to have hindered NII growth.

Muted Trading, High Costs to Hurt Citigroup's (C) Q3 Earnings

PNC Financial Services

U.S. Bancorp

Rising interest rates have boosted earnings for U.S. banks in recent quarters. But their upcoming third-quarter earnings reports likely will disclose how that past boon has morphed into a burgeoning barrier to growth.

News for Citigroup Stock (C)