earnings
confidence high
sentiment negative
materiality 0.70
Citi Q3 2024 net income $3.2B, EPS $1.51; revenue +1% YoY, costs -2%
CITIGROUP INC
2024-Q3 EPS reported
$4.61
revenue$61,558,000,000
- Net income $3.2B ($1.51 diluted EPS) vs $3.5B ($1.63) prior year, down 9%.
- Revenue $20.3B, up 1% reported (+3% excluding ~$400M Taiwan sale gain).
- Operating expenses $13.3B, down 2% YoY on simplification and stranded cost savings.
- Cost of credit $2.7B, up 45% driven by higher cards net credit losses and ACL build.
- Services revenue $5.0B (+8% YoY) with record quarter; returned $2.1B to shareholders.