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Dec 31, 2024
Citi Q4 2024 Earnings Report
Citigroup's strategy delivered as intended, driving stronger performance across businesses
Key Takeaways
Citigroup reported a net income of $2.9 billion for Q4 2024, a significant increase compared to the net loss of $(1.8) billion in Q4 2023. Revenues reached $19.6 billion, up 12% year-over-year, driven by growth in each of Citi’s businesses. The company's full-year net income was $12.7 billion, with revenues of $81.1 billion.
Net income for Q4 2024 was $2.9 billion, or $1.34 per diluted share, on revenues of $19.6 billion.
Revenues increased 12% year-over-year, driven by growth in each of Citi’s businesses.
Returned ~$2.1 billion to common shareholders in the form of dividends and share repurchases in Q4 2024.
Board of Directors authorized a new, multi-year $20 billion common stock repurchase program.
Revenue by Segment
Forward Guidance
Citigroup expects its 2026 RoTCE to be between 10% and 11% to make additional investments in its businesses and Transformation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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