secwatch.observer — SEC 8-K summary
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Issuer:     CITIGROUP INC (C)
CIK:        0000831001
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001104659-24-108431
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831001/000110465924108431/0001104659-24-108431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831001/000110465924108431/c-20240712x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-108431

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