Citigroup: Great Quarter Ignored

06:03am, Wednesday, 16'th Oct 2024
Citigroup's stock slumped 5% despite a strong Q3'24 due to regulatory concerns, trading at only 0.7x tangible book value. The bank reported $3 billion in net income and a $1.51 EPS, with substantial c
Citigroup's earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up.
Sen. Elizabeth Warren called for growth restrictions on Citi due to long-standing data issues. Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts.
Citigroup Inc. (NYSE:C ) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Conference Call Participants Operator Hello, and welcome to Citi's Third Quarter 2024 Earnin

Three Big Takeaways From Bank Earnings

02:04pm, Tuesday, 15'th Oct 2024
What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers' finances.
C's third-quarter 2024 results reflect strong growth in IB revenues, along with a rise in loans and deposit balance. The provision for credit losses increased.
Citigroup beat revenue and earnings expectations, driving shares higher. Despite rising borrowing costs, increased deposits and improved loan performance are set to boost Citigroup's net interest inco
Citigroup (C) shares lost ground Tuesday after the bank's third-quarter profit fell as its credit losses and reserves to cover bad loans increased.
Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS) reported earnings before Tuesday's opening bell. Results from big banks show a rise in profit from a year ago, supported by investment bank
While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compar
Citigroup (C) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.52 per share a year ago.
CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
Citigroup's profit fell 9% in the third quarter as it set aside more money to cover the risk of loan defaults, particularly on credit cards.

Citigroup Reports Third Quarter 2024 Results

08:00am, Tuesday, 15'th Oct 2024
NEW YORK--(BUSINESS WIRE)--Today Citi reported third quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with a
Citigroup is set to report its third-quarter results before the opening bell on Tuesday. The bank has an analyst call to discuss the quarter scheduled for 11 a.m.
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