Loading...
Market
What will Citigroup's ROE be for Q4 2024?
3
Resolution / Starting Odds
Below 6.0% • 25%
6.0% to 6.5% • 25%
6.6% to 7.0% • 25%
Above 7.0% • 25%
Citigroup's official Q4 2024 earnings report
Story
Citigroup Q3 Earnings Beat Estimates with $20.32B Revenue and $1.51 EPS, Shares Rise 1.5%
Oct 15, 2024, 12:06 PM
Citigroup Inc. reported its third-quarter 2024 results, surpassing analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.51, beating the estimated $1.31. Revenue for the quarter was $20.32 billion, exceeding the forecasted $19.84 billion. Key performance areas included net interest income of $13.36 billion, wealth revenue of $2.00 billion, and markets revenue of $4.82 billion. Operating expenses fell 2% year-over-year to $13.25 billion. Citigroup's net income for the quarter was $3.2 billion, with total loans amounting to $688.98 billion. The bank's return on equity (ROE) was 6.2%, return on tangible common equity (RoTCE) was 7.0%, and the CET1 capital ratio stood at 13.7%. Citigroup's CEO, Jane Fraser, highlighted the positive direction of the company, noting this quarter as pivotal. The bank's shares rose 1.5% in premarket trading following the earnings announcement.
View original story
Similar markets
Less than 6% • 25%
6% to 6.5% • 25%
6.5% to 7% • 25%
More than 7% • 25%
Less than $690 billion • 25%
$690 billion to $700 billion • 25%
$700 billion to $710 billion • 25%
More than $710 billion • 25%
Less than $3 billion • 25%
$3 billion to $3.5 billion • 25%
$3.5 billion to $4 billion • 25%
More than $4 billion • 25%
Below 10% • 25%
10% to 12% • 25%
12% to 14% • 25%
Above 14% • 25%
Best performer • 25%
Second best performer • 25%
Third best performer • 25%
Worst performer • 25%
Top 3 • 25%
4th to 6th • 25%
7th to 10th • 25%
Below 10th • 25%
Below 10% • 25%
10% to 15% • 25%
15% to 20% • 25%
Above 20% • 25%
Less than $2 billion • 25%
$2 billion to $3 billion • 25%
$3 billion to $4 billion • 25%
More than $4 billion • 25%