Categories AlphaGraphs, Earnings, Finance

Infographics: Citigroup (C) stock gains on strong Q1 earnings

Banking giant Citigroup Inc. (NYSE: C) reported a higher net profit for the first quarter of 2021, despite a decrease in revenues. The stronger-than-expected results triggered a rally, and the company’s stock gained early Thursday.

First-quarter net income rose to $7.9 billion or $3.62 per share from $2.5 billion or $1.06 per share a year earlier. It was above analysts’ forecast. Meanwhile, revenues dropped 7% annually to $19.3 billion but came in above the estimates.

“It’s been a better than expected start to the year, and we are optimistic about the macro environment. We are committed to serving our clients through the recovery and positioning the bank for a period of sustained growth,” said Citi’s CEO Jane Fraser.


Check management’s comments on Citigroup’s Q1 2021 earnings report


Citigroup’s stock made strong gains during Thursday’s premarket trading, after closing the previous session higher.

  • Citigroup Q2 2020 earnings

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

Kraft Heinz reports Q2 earnings: Infographic

The Kraft Heinz Company (NASDAQ: KHC) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The food company reported Q2 revenue of $6.62 billion, down 0.5% year-over-year

GM Earnings: Key quarterly highlights from General Motors Q2 financial results

General Motors Co. (NYSE: GM) reported second quarter 2021 earnings results today. Total revenue rose to $34.2 billion from $16.8 billion in the same period last year. GAAP net income

CVS Health Corp. (CVS) Earnings: 2Q21 Key Numbers

VS Health Corporation (NYSE: CVS) reported second-quarter 2021 earnings results today. Total revenues increased 11.1% to $72.6 billion compared to the same period last year, driven by growth across all

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