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Citigroup Inc (C) Q1 2024 Earnings Report

Comprehensive analysis of Citigroup Inc's financial performance for Q1 2024 with historical comparisons and future outlook.

Reported Q: Q1 2024 Rev YoY: +3.4% EPS YoY: -28.1% Move: +0.86%
Citigroup Inc
C
$123.75 0.86%
Exchange NYSE Sector Financial Services Industry Banks Diversified
Q1 2024
Published: May 3, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for C

Reported

Report Date

May 3, 2024

Quarter Q1 2024

Revenue

21.09B

YoY: +3.4%

EPS

1.58

YoY: -28.1%

Market Move

+0.86%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $21.09B up 3.4% year-over-year
  • EPS of $1.58 decreased by 28.1% from previous year
  • Gross margin of 100.0%
  • Net income of 3.37B
  • ""2024 will be a pivotal year for us, as we put our business and organizational simplification largely behind us and we focus on two main priorities: the transformation and the performance of our businesses and the firm." - Jane Fraser, CEO" - Jane Fraser
C
Citigroup Inc
Period Q1 2024
Currency USD
Report Type Quarterly Earnings
Generated Feb 10, 2026

Executive Summary

Citigroup Inc. (NYSE: C) reported a net income of approximately $3.4 billion for the first quarter of 2024, translating to an earnings per share (EPS) of $1.58. This reflects a year-over-year increase in revenues of over 3%, emphasizing the bank's strategic focus on operational simplification and enhancing client services. CEO Jane Fraser noted that 2024 is a pivotal year for Citigroup as it implements organizational changes to drive efficiency, indicating a strong outlook balanced with macroeconomic considerations. The quarter marked notable gains in investment banking and consumer banking, reflecting the bank's adaptability in a mixed economic environment.

Key Performance Indicators

Revenue
Increasing
21.09B
QoQ: 11.96% | YoY: 3.38%
Gross Profit
Increasing
21.09B
1.00% margin
QoQ: 11.96% | YoY: 3.38%
Operating Income
Increasing
7.72B
QoQ: 128.83% | YoY: 24.89%
Net Income
Decreasing
3.37B
QoQ: 252.05% | YoY: -26.81%
EPS
Decreasing
1.59
QoQ: 237.07% | YoY: -28.05%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 41,460.00 1.99 +96.6% View
Q4 2024 17,023.00 1.34 -9.6% View
Q3 2024 19,862.00 1.51 -1.4% View
Q2 2024 20,144.00 1.52 +3.6% View
Q1 2024 21,094.00 1.58 +3.4% View
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