Categories AlphaGraphs, Earnings, Finance

Infographic: Citigroup (C) Q1 earnings beat estimates; revenue up 12%

Banking behemoth Citigroup Inc. (NYSE: C) reported an increase in first-quarter net profit amid a 12% growth in revenues. The results also exceeded analysts’ forecasts.

Citigroup Q1 2023 earnings infographic

Citigroup reported a net income of $4.6 billion or $2.19 per share for the first three months of fiscal 2023, compared to $4.3 billion or $2.02 per share in the corresponding period of last year. The latest number beat the market’s forecast. Total revenues increased 12% annually to $21.4 billion and exceeded estimates.

“Our robust and well-managed balance sheet was a source of strength for our clients and we continue making progress in executing our strategy focused on our five core interconnected businesses while simplifying and transforming the firm,” said Citi’s CEO Jane Fraser.

Prior Performance

  • Citigroup Q4 2022 earnings infographic
  • Citigroup Q3 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

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