Citigroup reported a first-quarter GAAP EPS of $1.96, surpassing estimates by $0.12. The company’s revenue reached $21.6 billion, marking a 3% increase year-over-year and exceeding expectations by $310 million. This growth was driven by positive developments across all five of Citigroup’s interconnected businesses.
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.
AlphaSense
@AlphaSenseInc
·
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
·
2h $C Citigroup Non-GAAP EPS of $1.96 beats by $0.11, revenue of $21.6B beats by $310M
FY 2025 guidance: unchanged
Cost of credit of $2.7 billion increased 15%, driven by a higher net build in the allowance for credit losses
Shares +0.8%
@seekingalpha
RTÉ Business
@RTEbusiness
·
1h Citigroup has beaten Wall Street estimates for first-quarter profit as its traders reaped a windfall from volatile markets that fueled client activity.
DonCorleone77
@CorleoneDon77
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44m $C Citi sees FY25 revenue $83.1B-$84.1B, consensus $83.58B
Sees non-interest income ex-markets up 2%-3% year-over-year. Sees expenses slightly below $53.4B. Sees Cards NCL rates around the top of the 2024 ranges for both businesses, with higher losses in 1H, consistent with
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