Citigroup Inc.
Citigroup Reports Q3 2024 Financial Results
Summary
Citigroup Inc. reported a net income of $3.2 billion for the third quarter of 2024, down from $3.5 billion in the same period of 2023. Earnings per share (EPS) decreased from $1.63 to $1.51. Revenues were up 1% year-over-year to $20.3 billion. Operating expenses decreased by 2% to $13.3 billion. The company also announced financial statements and related exhibits as part of this report.
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Exhibits (3)
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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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