---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-079431"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:36:51.765152+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Citigroup Q2 net income $3.2B ($1.52 EPS), revenue $20.1B up 4%; dividend raised 6%

## Summary
- Net income $3.2B vs $2.9B YoY; diluted EPS $1.52 vs $1.33; revenue $20.1B (+4% reported, +3% ex-divestitures).
- Operating expenses down 2% to $13.4B; cost of credit up 36% to $2.5B on higher card net credit losses.
- CET1 ratio 13.6% (up 10 bps QoQ); dividend increased 6%; returned ~$1.0B in common dividends.
- Banking revenue +38%, Equities +37% (derivatives), Services net income +21% to $1.47B.
- Included ~$400M Visa B exchange gain; FRB/OCC civil money penalties in expenses.

## SEC filing metadata
- accession: 0001104659-24-079431
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924079431/0001104659-24-079431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924079431/c-20240712x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-079431
- JSON: https://secwatch.observer/filing/0001104659-24-079431.json
- Plain text: https://secwatch.observer/filing/0001104659-24-079431.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.