Citigroup Inc. (C)

Index:

S&P 100

$ 64.17
   
  • Change Today:
    $-0.33
  • 52 Week High: $67.61
  • 52 Week Low: $39.60
  • Currency: US Dollars
  • Shares Issued: 1,903.11m
  • Volume: 10,041,312
  • Market Cap: $122,123m
  • RiskGrade: 170

Citigroup delivers better-than-expected Q1 result

By Iain Gilbert

Date: Friday 12 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Citigroup reported a better-than-expected first-quarter performance on Friday, driven by both its investment banking and trading units.
Citi said quarterly profits fell 27% to $3.37bn, principally due to higher expenses and credit costs, while revenues fell 2% to $21.1bn, mostly driven by its sale of an overseas unit a year earlier.

Investment banking revenue jumped 35% to $903.0m, while fixed-income trading revenue fell 10% to $4.2bn and equities revenue rose 5% to $1.2bn.

As of 1530 BST, Citigroup shares were down 0.46% at $60.43 each.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Citigroup Inc. Market Data

Currency US Dollars
Share Price $ 64.17
Change Today $ -0.33
% Change -0.51 %
52 Week High $67.61
52 Week Low $39.60
Volume 10,041,312
Shares Issued 1,903.11m
Market Cap $122,123m
RiskGrade 170

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 10
Sell 0
Strong Sell 0
Total 24
buy
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