Categories AlphaGraphs, Earnings, Finance
Key highlights from Citigroup’s (C) Q4 2020 earnings report
Citigroup Inc. (NYSE: C) reported fourth-quarter 2020 earnings results on Friday. Revenues decreased 10% from last year to $16.5 billion.
Net income fell 7% from $4.9 billion to $4.6 billion and earnings per share dropped from $2.15 to $2.08, compared to analysts’ estimate of $1.34 per share.
Michael Corbat, Citi’s CEO, said, “We ended a tumultuous year with a strong fourth quarter. As a sign of the strength and durability of our diversified franchise, our revenues were flat to 2019, despite the massive
the economic impact of COVID-19.”
Check management’s comments on Citigroup’s Q4 report
Citigroup Inc.’s stock closed at $69.01 on Thursday evening, up 3%, but declined on Friday morning.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was