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While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Citigroup Inc (NYSE:C) on Friday reported a smaller-than-expected decline in profits for the first quarter. For Q1, earnings per share decreased from $2.19 in the year-ago quarter to $1.58, above expectations of $1.13.
Citigroup (C) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.86 per share a year ago.
Citigroup (C) reported higher-than-forecast results as rising markets drove up investment banking fees and as CEO Jane Fraser's restructuring strategy aimed at streamlining the lender's costs bore fruit.
Citigroup beat profit expectations in the first quarter, while FICC sales & trading revenue of $4.15 billion topped the average analyst estimate. Sonali Basak reports on Bloomberg Television.
CNBC's Leslie Picker joins ‘Squawk Box' to report on Citigroup's quarterly earnings results.
Citigroup Inc (NYSE: C) is trading up in premarket on Friday after reporting market-beating financial results for its first quarter. This is a developing story.
Citigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund.
Citigroup CEO Jane Fraser has finished her sweeping corporate overhaul, including thousands of layoffs — now what?
Macrae Sykes, portfolio manager at Gabelli Funds, joins CNBC's 'Squawk Box' to discuss banks as big giants like JPMorgan and Citigroup are set to release their first-quarter earnings reports this week.