---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-108431"
form_type: "8-K"
ticker: "C"
cik: "0000831001"
company_name: "CITIGROUP INC"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T15:05:30.840364+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Citi Q3 2024 net income $3.2B, EPS $1.51; revenue +1% YoY, costs -2%

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-108431
- form_type: 8-K
- ticker: C
- cik: 0000831001
- company_name: CITIGROUP INC
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831001/000110465924108431/0001104659-24-108431-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831001/000110465924108431/c-20240712x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-108431
- JSON: https://secwatch.observer/filing/0001104659-24-108431.json
- Plain text: https://secwatch.observer/filing/0001104659-24-108431.txt

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