secwatch.observer — SEC 8-K summary
======================================

Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001104659-23-081050
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Q2 net income $2.9B, EPS $1.33; revenues down 1% YoY to $19.4B
-------------------------------------------------------------------

- Net income fell 36% YoY to $2.9B; EPS of $1.33, vs $2.19 in Q2 2022.
- Services revenues up 15% (TTS, Securities Services); Markets down 13%.
- Net credit losses $1.5B, up 77% YoY on card loan growth normalization.
- CET1 ratio 13.3% (100 bps above new requirement); returned $2B in dividends/buybacks.
- Book value $97.87; tangible book value $85.34, up 6% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465923081050/0001104659-23-081050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465923081050/c-20230714x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-081050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer