secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001104659-24-003564
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citigroup Q4 net loss $1.8B; EPS -$1.16 on $1.7B FDIC assessment, $1.3B reserve build
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- Net loss of $1.8B vs. $2.5B net income in Q4 2022; revenues down 3% to $17.4B.
- Excluding notable items (FDIC assessment, Russia/Argentina reserve, peso devaluation, restructuring), adj. EPS $0.84.
- Full-year 2023 net income $9.2B on revenues $78.5B, up 4% YoY excluding divestitures.
- Services revenues rose 6% to $4.5B; Markets Fixed Income 'disappointing', Equities decent.
- CET1 ratio 13.3%, TBVPS $86.19; returned $1.5B in Q4 ($6B in 2023) via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/0001104659-24-003564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465924003564/c-20240112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-003564

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