Citigroup Inc. (NYSE: C) on Friday said its fourth-quarter profit decreased despite modest growth in revenues. However, the numbers topped the market’s projections.
Fourth-quarter net profit declined to $3.2 billion or $1.46 per share from $4.31 billion or $1.92 per share last year but came in above the consensus forecast. Excluding the impact of Asia divestitures, earnings per share were $1.99, up 4%.
Meanwhile, total revenues moved up 1% annually to $17 billion and topped expectations, reflecting active customer engagement amid increased consumer and corporate confidence. At $92.21, book value per share was up 7% year-over-year.
Read management/analysts’ comments on Citigroup’s Q4 earnings
Shares of Citigroup dropped early Friday immediately after the announcement. The stock has gained about 6% in the past twelve months.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
What to expect when Signet Jewelers (SIG) reports Q1 earnings
Shares of Signet Jewelers Limited (NYSE: SIG) were over 3% on Monday. The stock has dropped 13% over the past 3 months. The jewelry retailer is set to report its
MDB Infographic: Highlights of MongoDB’s Q1 2024 earnings report
Software company MongoDB, Inc. (NASDAQ: MDB) has announced financial results for the first quarter of 2024, posting an increase in revenues and adjusted profit. The company reported a 29% increase
Campbell Soup to report Q3 results Wednesday. Here’s what to expect
Campbell Soup Company (NYSE: CPB) is coming out of a rough patch after the packaged food company's sales and earnings got affected by the pandemic, due to the widespread movement