Citigroup Cost Cuts Push Q4 EPS Higher

Citigroup exceeded expectations in Q4 2024, driven by strong business performance.Banking giant Citigroup (C 6.77%) reported fourth quarter and full-year earnings on Wednesday, Jan. 15, that topped analyst consensus estimates. Revenue of $19.6 billion came in just ahead of analyst forecasts for$19.51 billion. Earnings per share of $1.34 exceeded the expected$1.22 and was a big improvement over a $1.16 per share loss reported in Q4 2023. Overall, the quarter revealed a mix of strong revenue growth alongsid ...