Citigroup Inc

C

Equity

ISIN US1729674242 / Valor 12915350

New York Stock Exchange, Inc (2024-12-26)

USD 71.35+0.49%

Citigroup Inc
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About company

Citigroup Inc is a global bank with over 200 years of experience in providing financial services to clients worldwide. The company's core activities include safeguarding assets, lending money, making payments, and accessing capital markets on behalf of its clients. Citigroup aims to serve as a trusted partner to its clients, enabling growth and economic progress by helping them navigate challenges and seize opportunities. As a leading financial institution, Citigroup connects millions of people across hundreds of countries and cities, solidifying its position as a key player in the global banking industry.

Summarized from source with an LLMView SourceSector: Finance

3Q 2024 Revenue

Citigroup Inc. reported revenues of $20.3 billion for the third quarter of 2024, marking a 1% increase compared to the same period in 2023. When excluding divestiture-related impacts, revenues rose by 3%, driven by growth across all business segments, although partially offset by a decline in the "All Other" category.

3Q 2024 Net Income

For the third quarter of 2024, Citigroup Inc. recorded a net income of $3.2 billion, a decrease from $3.5 billion in the third quarter of 2023. This decline was primarily attributed to a higher cost of credit, despite the increase in revenues and a reduction in expenses.

3Q 2024 Earnings Per Share

Citigroup Inc.'s earnings per share (EPS) for the third quarter of 2024 were $1.51, down from $1.63 in the same quarter of the previous year. The decrease in EPS reflects the lower net income reported for the period.

3Q 2024 Dividends and Share Repurchases

During the third quarter of 2024, Citigroup Inc. returned approximately $2.1 billion to common shareholders through dividends and share repurchases. This resulted in a payout ratio of 71% for the quarter.

3Q 2024 Capital Ratios

At the end of the third quarter of 2024, Citigroup Inc. reported a Common Equity Tier 1 (CET1) Capital Ratio of 13.7%, slightly up from 13.6% at the end of the previous quarter. This increase was driven by net income and unrealized gains on available-for-sale securities, partially offset by dividend payments and share repurchases.

Summarized from source with an LLMView Source

Key figures

39.0%1Y

18.5%3Y

-10.6%5Y

Performance

26.5%1Y

28.5%3Y

39.3%5Y

Volatility