secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001104659-23-003663
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citigroup Q4 net income falls 21% to $2.5B, EPS $1.16, revenue up 6%
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- Net income $2.5B, diluted EPS $1.16, down from $3.2B ($1.46) YoY; revenue $18.0B up 6%.
- Services revenues up 32% to $4.3B; Fixed Income up 31% to $3.2B; Investment Banking down 58% to $645M.
- PBWM net income plunged 93% to $114M on $1.7B cost of credit, elevated ACL build, and higher expenses.
- CET1 ratio 13.0% (up 80 bps YoY); tangible book value per share $81.65 (up 3% YoY).
- Returned $1.0B in dividends to common shareholders in Q4 (payout ratio 44%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465923003663/0001104659-23-003663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465923003663/c-20221014x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-003663

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