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Sep 30, 2024
Citi Q3 2024 Earnings Report
Citigroup reported mixed results for Q3 2024, with revenue growth offset by increased credit costs, impacting net income despite expense reductions.
Key Takeaways
Citigroup's Q3 2024 net income was $3.2 billion, or $1.51 per diluted share, on revenues of $20.3 billion. Revenues increased 1% year-over-year, or 3% excluding divestiture-related impacts. Net income decreased due to higher credit costs, partially offset by revenue growth and expense reductions.
Citigroup's Q3 2024 revenues increased by 1% year-over-year, reaching $20.3 billion.
The company's net income for Q3 2024 was $3.2 billion, a decrease from $3.5 billion in the same period last year.
Earnings per share for Q3 2024 were reported at $1.51, down from $1.63 in Q3 2023.
Citigroup's operating expenses decreased by 2%, driven by simplification and efficiency efforts.
Citi
Citi
Citi Revenue by Segment
Revenue by Segment
Services Revenue
CapyFin.comMarkets Revenue
CapyFin.comBanking Revenue
CapyFin.comWealth Revenue
CapyFin.comUS Personal Banking Revenue
CapyFin.comAll Other (Managed) Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income