Form 8-K · Current Report · Filed 2024-04-12
Citigroup Reports First Quarter 2024 Financial Results
Citigroup Inc. reported a net income of $3.4 billion for the first quarter of 2024, or $1.58 per diluted share, on revenues of $21.1 billion. This represents a 27% decrease in net income from the $4.6 billion reported in the first quarter of 2023. Revenues decreased by 2% year over year, though by 3% excluding divestiture-related impacts primarily from the sale of the India consumer business. Banking revenues saw the most significant growth, up 49%, while Markets and Wealth experienced declines. Citigroup returned $1.5 billion to common shareholders in the form of dividends and share repurchases during the quarter.
- Filer
- Citigroup Inc. C · NYSE
- Filed
- Accession
- 0001104659-24-046583
- CIK
- 0000831001
- Signal
- Low impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
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Precedent
Previous filings from C reporting the same item, with the next session's move:
Exhibits (3)
About Citigroup Inc.
Citigroup Inc. is a leading global financial services corporation, providing a broad array of financial products and services to consumers, corporations, governments, and institutions. As a diversified financial institution, Citigroup's primary function is to offer retail banking, commercial banking, investment banking, and wealth management services. The company plays a significant role in sectors such as consumer banking, treasury and trade solutions, and securities services, making it a pivotal player in the financial services industry. Headquartered in New York City, Citigroup is one of the world's largest banks by assets. It operates in over 160 countries and jurisdictions, underscoring its substantial international presence. The firm's impact is further amplified through its global reach in capital markets and advisory services, helping to facilitate trade and investment on a worldwide scale. Citigroup's diversified operations and extensive global network position it as a key contributor to financial market infrastructures and economic development.
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