Citigroup: Q1 Earnings Snapshot
By AP News
Published - Apr 12, 2024, 08:15 AM ET
Last Updated - Apr 12, 2024, 08:15 AM EDT
NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported first-quarter earnings of $3.37 billion.
The bank, based in New York, said it had earnings of $1.58 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The U.S. bank posted revenue of $43.82 billion in the period. Its revenue net of interest expense was $21.1 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $20.3 billion.
