Categories AlphaGraphs, Earnings, Finance

A visual representation of Citigroup (C) Q1 2020 earnings results

Citigroup (NYSE: C) reported its financial results for the quarter ended March 31, 2020 today.

Citigroup reported a 46% dip in earnings for the first quarter of 2020 due to higher credit reserve build. However, the top-line increased by 12% reflecting higher revenues in Fixed Income Markets and Equity Markets, and the benefit of mark-to-market gains on loan hedges in the corporate lending portfolio.

Citigroup (C) Q1 2020 earnings review

The bottom line was hurt by higher loan loss reserves, reflecting the impact of changes in Citi’s economic outlook on estimated lifetime losses under the new Current Expected Credit Loss standard (CECL). The results were significantly impacted by the COVID-19 pandemic.

Past Performance

Most Popular

Adobe (ADBE) Q2 adjusted earnings rise on higher revenues

Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software

ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report

Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from

Key highlights from Chewy’s (CHWY) Q1 2025 earnings results

Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top