Citigroup Inc.’s (C) second-quarter 2024 net income per share of $1.52 surpassed the Zacks Consensus Estimate of $1.40. The metric increased 14.3% from the year-ago quarter’s levels.Shares of C have gained 3.3% in the pre-market trading on a higher-than-expected quarterly performance.It witnessed a rise in total loans in the quarter. However, deposits declined on a year-over-year basis.Net income in the quarter was $3.22 billion, increased 10.4% from the prior-year quarter’s levels.Revenues Increase, Expens ...

财务表现 - 公司第二季度2024年营收为201.39亿美元，同比增长4%[1] - 净利润为32亿美元，同比增长10%[2] - 每股收益为1.52美元，同比增长14%[3] - RoTCE为7.2%，较去年同期增长0.8%[4] - CET1资本比率为13.6%[5] 业务运营 - 服务、市场、银行和财富业务均实现正向运营杠杆效应[6] - 交易服务市场份额增至10.3%[7] - 利息收入增长3%，非利息收入增长20%[8] - 跨境交易价值同比增长6%[9] - 投资资产增长15%[10] 财务指标 - 公司的净利息收入为13.49亿美元，环比增长0.33亿美元，同比增长0.04亿美元[11] - 消费者贷款在第二季度24年达到383亿美元，环比增长1%，同比增长4%[12] - Treasury and Trade Solutions的净利息收入为596亿美元，同比增长14%[13] - 公司的总收入在第二季度24年同比增长3%，主要受到证券服务业务的增长影响[14] - 非利息收入在第二季度24年达到145.5亿美元，同比增长11%[15] 成本与风险 - 公司的费用在第二季度24年同比增长9%，主要受到与阿根廷相关的交易税支出和法律和解费用的影响[16] - 信贷成本受益于本季度的ACL释放，主要是由于宏观经济前景的改善，达到负2.7亿美元[17] - 2024年，我们预计墨西哥比索贬值将对非利息收入产生影响，但影响程度不及2023年，其他净收入有所抵消[18] - 俄罗斯风险暴露增加约12亿美元，主要是由于俄罗斯不可汇出公司股利增加和卢布升值[19] - Citi累计翻译调整亏损约16亿美元[20]

文章核心观点 - 花旗集团(Citigroup)在2024年6月季度报告收入为201.4亿美元,同比增长3.6%,每股收益为1.52美元,高于上年同期的1.37美元[1] - 公司的收入和每股收益均超出了分析师的预期,分别超出0.54%和8.57% [2] 公司财务指标总结 - 每股账面价值为99.70美元,低于分析师平均预期的100.20美元 [5] - 净利差(FTE)为2.4%,符合分析师平均预期 [5] - 效率比率为66.3%,优于分析师平均预期的67.5% [5] - 总生息资产平均余额为22569.2亿美元,低于分析师平均预期的22670亿美元 [5] - 固定收益市场收入为35.6亿美元,低于分析师平均预期的37.1亿美元 [5] - 股票市场收入为15.2亿美元,高于分析师平均预期的10.9亿美元 [5] - 市场收入净额为50.9亿美元,高于分析师平均预期的48.0亿美元 [5] - 美国个人银行零售服务收入为17.5亿美元,略高于分析师平均预期的17.4亿美元 [5] - 美国个人银行零售银行收入为6.36亿美元,低于分析师平均预期的6.83亿美元 [5] - 财富管理总非利息收入为7.67亿美元,高于分析师平均预期的7.34亿美元 [5] - 财富管理-私人银行收入为6.11亿美元,高于分析师平均预期的5.73亿美元 [5] - 财富管理-Wealth at Work收入为1.95亿美元,低于分析师平均预期的2.20亿美元 [5] 股价表现 - 过去一个月,花旗集团股价上涨9.1%,优于标普500指数4.3%的涨幅 [6] - 目前花旗集团股票评级为中性(Zacks Rank 3),意味着短期内可能与整体市场表现持平 [6]

Citigroup (C) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this U.S. bank would post earnings of $1.13 per share when it actually produced earnings of $1.58, delivering a surprise of 39.82%.Over the last four quarters, the company has surp ...

Key TakeawaysCitigroup on Friday reported second-quarter profit that exceeded expectations.The bank's net income jumped 10% year-over-year to $3.2 billion, or $1.52 per diluted share.Revenue increased 4% after a strong showing from the banking and trading businesses.Citi's operating expenses, in the spotlight after ending its restructuring program, declined 2%. Citigroup (C) on Friday reported second-quarter profit that beat analysts' estimates. Citi's net income of $3.2 billion was 10% higher than the year ...

About this content About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 20 ...

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Citigroup is scheduled to report second-quarter earnings before the opening bell Friday.Here's what Wall Street expects:Earnings: $1.39 a share, according to LSEGRevenue: $20.1 billion, according to LSEGProvision for credit losses: $2.61 billion, according to StreetAccountTrading Revenue: Fixed Income of $3.57 billion, Equities of $1.20 billion, according to StreetAccountCitigroup was just ...

Citigroup Inc. (C) announced that it has been penalized by the U.S. bank regulators with a $136 million fine for failing to make adequate progress in fixing data management issues. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) disclosed the action on Wednesday. The company’s shares fell 1.03% in the after-market hours following the announcement.The regulators stated that Citi made “insufficient progress” in dealing with the issues identified in 2020 which required Citi to fix t ...

The heart of the Q2 earnings season is upon us with several big banks set to report their quarterly results on Friday, July 12.Wall Street will be closely monitoring JPMorgan’s (JPM)  results as the largest bank in the United States but also paying close attention to Citigroup (C)  which is the third largest domestic bank. To that point, Citigroup recently announced a significant restructuring plan to streamline its operations in a bid to enhance efficiency.That said, let’s see if now is a good time to buy ...

The financial sector, and specifically the sector ETF Financial Select Sector SPDR Fund NYSE: XLF, has been consolidating for several months and is now approaching a significant breakout level. As earnings season kicks off, the sector's major players are set to report quarterly results, potentially triggering a major directional move. So, let's explore the XLF ETF's current positioning, its recent performance, and what to expect from its top holdings as they report earnings, as this could lead to a higher t ...