Citigroup’s first-quarter profit soared by 21% to $4.1 billion, or $1.96 per share. The bank’s total revenue increased by 3% to $21.60 billion. Fixed income trading brought in $4.5 billion, an 8% rise from last year, surpassing the $4.33 billion estimate. Equities trading revenue jumped 23% to $1.5 billion, beating the $1.4 billion forecast. These gains were driven by increased market volatility and higher client activity. Despite a 10% drop in Citigroup’s shares this year, the bank’s performance across its five major divisions contributed to these strong results.
EarningsTime
@Earnings_Time
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2h Citigroup, $C, Q1-25. Results:
+0.4% Pre-Market ($63.47)Adj. EPS: $1.96
Revenue: $21.6B
Strong performance across all five businesses, with Services hitting its best Q1 revenue in a decade and M&A revenue nearly doubling YoY.
Andy Schornack
@Schornack
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2h Citigroup $C near last year levels yet earnings demonstrate significant improvement across the business and trading at $63.70 vs $91.52 tangible book value. Jane just buy back aggressively until stock price > tangible book value and continue to execute on plan.
AlphaSense
@AlphaSenseInc
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2h $C Earnings:– Net income for the first quarter 2025 of $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion
– Book value per share of $103.90
– Tangible book value per share of $91.52
– Revenues increased 3% from the prior-year period, on a reported basis,
Mike Zaccardi, CFA, CMT
@MikeZaccardi
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2h $C Citigroup Non-GAAP EPS of $1.96 beats by $0.11, revenue of $21.6B beats by $310MFY 2025 guidance: unchangedCost of credit of $2.7 billion increased 15%, driven by a higher net build in the allowance for credit lossesShares +0.8%
@seekingalpha
Envistor Inc
@EnvistorInc
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1h $C – Citigroup IncEarnings: $1.96 per share vs. $1.85 estimate
Revenue: $21.60b vs. $21.29b expected
Envistor Inc
@EnvistorInc
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43m $BAC – Bank of America
Earnings: 90 cents vs. 82 cents estimate
Revenue: $27.51B vs. $26.99B expected$C – Citigroup Inc
Earnings: $1.96 per share vs. $1.85 estimate
Revenue: $21.60B vs. $21.29B expected
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