Core Insights - Citigroup Inc.'s first-quarter 2025 adjusted net income per share was $1.96, exceeding the Zacks Consensus Estimate by 6.5% and up from $1.58 in the same period last year [1] - The company reported a net income of $4.1 billion, reflecting a 21% increase year-over-year [2] Revenue and Expenses - Revenues, net of interest expenses, increased by 3% year-over-year to $21.6 billion, surpassing the Zacks Consensus Estimate by 1.9% [3] - Net interest income rose 4% year-over-year to $14 billion, while non-interest revenues increased by 1% to $7.6 billion [3] - Operating expenses decreased by 5% year-over-year to $13.4 billion, attributed to lower FDIC special assessment expenses, absence of restructuring charges, and reduced compensation expenses [4] Segment Performance - In the Services segment, total revenues were $4.9 billion, up 3% year-over-year, driven by growth in Treasury and Trade Solutions [5] - The Markets segment saw revenues increase by 12% year-over-year to $5.9 billion, fueled by growth in Fixed Income and Equity markets [5] - Banking revenues rose by 12% year-over-year to $1.2 billion, primarily due to growth in investment banking [6] - U.S. Personal Banking revenues were $5.2 billion, up 2% year-over-year, while Wealth segment revenues increased by 24% to $2.1 billion [6][7] - Revenues in the All Other segment declined by 39% year-over-year to $1.4 billion [7] Balance Sheet and Credit Quality - At the end of Q1 2025, deposits rose by 2% to $1.32 trillion, and loans increased by 1% to $702 billion [8] - Total non-accrual loans fell by 2% year-over-year to $2.7 billion, while provisions for credit losses increased by 15% to $2.72 billion [9] Capital Position - The Common Equity Tier 1 capital ratio was 13.4%, slightly down from 13.45% in Q1 2024 [10] - The supplementary leverage ratio was 5.8%, marginally down from 5.84% in the prior year [11] - The company returned $2.8 billion to shareholders through dividends and share repurchases [12] Outlook - Management expects revenues for 2025 to be between $83.1 billion and $84.1 billion, with net interest income projected to rise by 2-3% year-over-year [13] - Expenses are anticipated to be slightly lower than $53.4 billion [13] Strategic Initiatives - The company is focusing on business transformation initiatives, including exits from consumer businesses and organizational simplification, which are expected to enhance long-term results [15]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Citigroup beat Wall Street estimates for first-quarter profit on Tuesday as its traders reaped a windfall from volatile markets that fueled client activity. The third-largest U.S. lender's earnings echoed those of Wall Street rivals, including JPMorgan Chase, Bank of America, and Morgan Stanley, whose results were also lifted by stronger equities trading. While industry profits rose, executives warned that U.S. tariff policies cast a shadow over the economic outlook."We continue to help our clients navigate ...

Citigroup (C) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this U.S. bank would post earnings of $1.25 per share when it actually produced earnings of $1.34, delivering a surprise of 7.20%.Over the last four quarters, the company has surpa ...

Financial Performance - Total revenues for Q1 2025 reached $21,596 million, an increase of 11% from Q4 2024 and 3% from Q1 2024[3]. - Net income attributable to Citigroup was $4,064 million, reflecting a 42% increase from Q4 2024 and a 21% increase from Q1 2024[3]. - Diluted earnings per share (EPS) rose to $1.96, up 46% from Q4 2024 and 24% from Q1 2024[3]. - Citigroup's net income for Q1 2025 reached $4,064 million, representing a 42% increase from Q4 2024 and a 21% increase from Q1 2024[8]. - Total net revenues reported for Q1 2025 were $21,596 million, an increase of 11% from Q4 2024 and 3% from Q1 2024[13]. - Income from continuing operations for Q1 2025 was $4,108 million, reflecting a 42% increase from Q4 2024 and a 21% increase from Q1 2024[13]. - Net income for Q1 2025 was $1,782 million, up 77% from Q4 2024 and 27% from Q1 2024[23]. - Net income for Q1 2025 was $284 million, a 15% decrease from Q4 2024 but a 62% increase from Q1 2024[33]. - Net income (loss) for Q1 2025 was $(870) million, a 19% increase from Q4 2024 but an 82% decrease from Q1 2024[46]. - Net income for Q1 2025 was a loss of $60 million, a 63% improvement from a loss of $161 million in Q4 2024[50]. Revenue Breakdown - Net interest income (NII) rose to $14,012 million, reflecting a 2% increase from Q4 2024 and a 4% increase from Q1 2024[8]. - Total non-interest revenues (NIR) increased by 32% to $7,584 million compared to Q4 2024, and by 1% compared to Q1 2024[8]. - Principal transactions revenue surged by 72% to $3,921 million compared to Q4 2024, and increased by 20% from Q1 2024[8]. - Total revenues, net of interest expense, reached $5,986 million in Q1 2025, reflecting a 31% increase from Q4 2024 and a 12% increase from Q1 2024[23]. - Total revenues, net of interest expense, for Q1 2025 were $1,445 million, an 8% increase from Q4 2024 but a 39% decrease from Q1 2024[46]. Asset and Liability Management - Total assets increased to $2,571.5 billion, a 9% rise from Q4 2024 and a 6% rise from Q1 2024[3]. - Total liabilities rose to $2,358,256 million, reflecting a 10% increase from the previous quarter[10]. - Total stockholders' equity increased to $212,408 million, a 2% rise from the previous quarter[10]. - Total common equity increased by 2% to $194,058 million[10]. - Total average interest-earning assets increased from $2,250.2 billion in 1Q24 to $2,306.2 billion in 1Q25[4]. Loan and Deposit Trends - Total loans at the end of Q1 2025 were $702.1 billion, a 1% increase from Q4 2024 and a 4% increase from Q1 2024[3]. - Total deposits reached $1,316.4 billion, up 2% from Q4 2024 and 1% from Q1 2024[3]. - North America deposits increased to $406.2 billion in Q1 2025, up 2% from Q4 2024 and 8% from Q1 2024[72]. - International deposits totaled $444.4 billion in Q1 2025, marking a 5% increase from Q4 2024 and a 2% increase from Q1 2024[72]. - Total consumer loans decreased slightly to $386.3 billion in 1Q25, a 2% decline from 4Q24 but a 1% increase from 1Q24[68]. Efficiency and Operating Expenses - The efficiency ratio improved to 62.2%, a decrease of 490 basis points from Q4 2024[3]. - Operating expenses for Q1 2025 were $13,425 million, which is a 3% increase from Q4 2024 but a 5% decrease from Q1 2024[8]. - Total operating expenses for Q1 2025 were $2,584 million, a decrease of 1% from Q4 2024 and 3% from Q1 2024[18]. - Total operating expenses for Q1 2025 were $3,468 million, a 9% increase from Q4 2024 and a 2% increase from Q1 2024[23]. - The efficiency ratio improved to 58% in Q1 2025, a decrease of 1,100 basis points from Q4 2024[23]. Credit Quality and Losses - Provisions for credit losses and for benefits and claims totaled $2,723 million, a 5% increase from Q4 2024 and a 15% increase from Q1 2024[8]. - The provision for credit losses on loans remained stable at $2,561 million, showing no change from Q4 2024 but a 6% increase from Q1 2024[8]. - Net credit losses (NCLs) for loans in 1Q25 amounted to $2,459 million, representing a 7% increase from the previous quarter[78]. - Non-accrual loans totaled $2,704 million in 1Q25, showing a 2% decrease from 4Q24[83]. - The total allowance for credit losses as a percentage of total loans was 2.70% in 1Q25, consistent with 4Q24[78]. Capital Ratios and Equity - Common Equity Tier 1 (CET1) Capital ratio stood at 13.4%, slightly down from 13.63% in Q4 2024[3]. - Citigroup's Common Equity Tier 1 (CET1) capital was $153,142 million as of March 31, 2024, with a CET1 capital ratio of 13.45%[87]. - The tangible common equity (TCE) was reported at $165,307 million, with a tangible book value per share of $86.67[87]. - The total Tier 1 capital (CET1 + Additional Tier 1 Capital) was $172,065 million as of March 31, 2024[87]. - The book value per share increased to $99.08 as of March 31, 2024, from $99.70 in the previous quarter[87].

Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023.Citigroup is scheduled to report first-quarter earnings before the opening bell Tuesday. Here's what Wall Street expects:Earnings: $1.85 per share, according to LSEGRevenue: $21.29 billion, according to LSEGProvision for credit losses: $2.57 billion, per StreetAccountTrading Revenue: Fixed income o ...

Citigroup Inc. (C) is slated to report first-quarter 2025 results on April 15, 2025, before market open. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Among Citigroup’s close peers, JPMorgan (JPM) and Wells Fargo & Company (WFC) are scheduled to announce quarterly numbers on April 11.In the fourth quarter, Citigroup witnessed a rise in total loan balance. The company registered a solid increase in Investment Banking (IB) revenues. However, declines in the deposit balance and net i ...

Analysts on Wall Street project that Citigroup (C) will announce quarterly earnings of $1.84 per share in its forthcoming report, representing an increase of 16.5% year over year. Revenues are projected to reach $21.14 billion, increasing 0.2% from the same quarter last year.Over the last 30 days, there has been a downward revision of 1.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts o ...

Citigroup (C) shares soared 9.2% in the last trading session to close at $64.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.9% loss over the past four weeks.Citigroup experienced a significant stock price increase primarily driven by President Donald Trump's announcement of a 90-day pause on "reciprocal" import tariffs, which lessened investor concerns about potential economic downturns due to trade war. This optimism boo ...

Core Viewpoint - Anticipation is building for Citigroup's Q1 earnings report on April 15, with shares down 16% year-to-date amid economic uncertainties and trade tariffs, leading shareholders to seek signs of resilience to reverse the stock's decline from an eight-month low [1] Group 1: Trade Tariffs Impact - The Trump administration's trade policy overhaul includes a 10% flat tariff on imports, with higher tariffs on specific countries like China, surprising Wall Street and contributing to a stock market decline [3] - Citigroup faces challenges from the tariff regime, as clients may become cautious, potentially leading to increased delinquencies in mortgage lending, auto financing, and credit card businesses [5] - However, segments like Treasury and Trade Solutions may benefit from supply chain disruptions, capturing new business as corporate customers seek foreign exchange hedging [6] Group 2: Q1 Earnings Preview - Citigroup's Q1 earnings report is expected to show solid revenue and earnings, reflecting pre-trade war conditions, but uncertainty exists around the allowance for credit losses, which could indicate borrower health concerns [8] - The bank previously projected a revenue growth of 3% to 4% for 2025, with net income supported by cost-saving initiatives, and evidence of underlying strength could be positively received by the market [9] Group 3: Investment Appeal - Citigroup shares have declined 30% from recent highs, potentially pricing in extreme scenarios and setting a low expectation bar, positioning the stock for potential outperformance [10] - The stock trades at a price-to-book (P/B) ratio of 0.6 and a forward price-to-earnings (P/E) ratio of 8, both significantly lower than peers, suggesting undervaluation [11] - Citigroup's international corporate lending profile, with 44% of 2024 corporate lending revenue from outside the U.S., provides an edge over domestic-focused competitors [12] Group 4: Dividend and Long-term Outlook - Citigroup offers a 3.8% dividend yield, higher than Bank of America's 2.9%, supported by strong cash flows and a robust balance sheet despite near-term volatility [14] - The stock is viewed as a buy-the-dip opportunity, with upcoming Q1 earnings potentially serving as a catalyst for recovery, making it an attractive option for long-term investors [15]