By Iain Gilbert
Date: Thursday 14 Apr 2022
LONDON (ShareCast) - (Sharecast News) - Citigroup beat first-quarter profit and revenues expectations on Thursday as the banking giant benefited from surging volatility amid the Ukraine war.
Total earnings fell 46% to $4.3bn, or $2.02 per share, on higher expenses and credit costs and lower revenue, but still beat expectations for EPS of $1.55.
Although revenues slipped 2%, they still smashed estimates for a print of $18.15bn at $19.19bn.
"In markets, our traders navigated the environment quite well, aided by our mix, with strong gains in [foreign exchange] and commodities," said chief executive Jane Fraser. "However, the current macro backdrop impacted investment banking as we saw a contraction in capital market activity."
As of 1415 BST, Citigroup shares were up 1.42% at $50.86 per share.
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Currency | US Dollars |
Share Price | $ 61.06 |
Change Today | $ -0.73 |
% Change | -1.17 % |
52 Week High | $64.74 |
52 Week Low | $38.24 |
Volume | 1,855,264 |
Shares Issued | 1,903.11m |
Market Cap | $116,195m |
RiskGrade | 170 |
Strong Buy | 6 |
Buy | 8 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 0 |
Total | 24 |
Time | Volume / Share Price |
11:02 | 100 @ $61.06 |
11:02 | 132 @ $61.06 |
11:02 | 200 @ $61.06 |
11:02 | 100 @ $61.05 |
11:02 | 312 @ $61.05 |
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