Citigroup Q1 net income $3.4B ($1.58 EPS); revenues ex-divestiture up 3% YoY

CITIGROUP INC

2024-Q1 EPS reported $1.58 revenue$21,104,000,000

Q1 revenue $21.1B (-2% reported; +3% ex-divestiture gain on India consumer sale).
Net income $3.4B vs $4.6B YoY; diluted EPS $1.58 vs $2.19.
Operating expenses $14.2B (+7%) driven by $258M repositioning, $251M FDIC special assessment, $225M restructuring.
Services revenue +8% to $4.8B; Banking revenue +49% to $1.5B; Wealth and Markets declined.
CET1 ratio 13.5% (from 13.4% Q4); returned $1.5B via dividends and buybacks; TBVPS $86.67.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIGROUP INC reported the quarter ended March 31, 2024 results: revenue $21.1 billion, net income $3.4 billion, EPS $1.58 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $21.1 billion
Net income: $3.4 billion
EPS: $1.58 per diluted share
Result: reported results

Exact text from the filing

Citigroup Inc. today reported net income for the first quarter 2024 of $3.4 billion, or $1.58 per diluted share, on revenues of $21.1 billion.

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Source: SEC EDGAR

accession 0001104659-24-046583

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