secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001104659-24-046583
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465924046583/0001104659-24-046583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465924046583/c-20240112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-046583

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