Citi Q1 2024 Earnings Report
Key Takeaways
Citigroup reported a net income of $3.4 billion, or $1.58 per diluted share, on revenues of $21.1 billion for Q1 2024. Revenues decreased by 2% year-over-year, but increased by 3% excluding divestiture-related impacts. The results were driven by growth in Banking, U.S. Personal Banking, and Services, offset by declines in Markets and Wealth. The company returned $1.5 billion to common shareholders through dividends and share repurchases and increased its CET1 ratio to 13.5%.
Citigroup's Q1 2024 revenues decreased by 2% year-over-year to $21.1 billion, but increased 3% excluding divestiture impacts.
Net income for Q1 2024 was $3.4 billion, or $1.58 per diluted share, down from $4.6 billion in the prior-year period.
The company returned $1.5 billion to common shareholders through dividends and share repurchases.
Growth was driven by Banking, U.S. Personal Banking and Services, while Markets and Wealth experienced declines.
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Citi Revenue by Segment
Forward Guidance
This document does not contain forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income