Citigroup (NYSE:C) Full Year 2024 Results

Key Financial Results

• Revenue: US$71.4b (flat on FY 2023).
• Net income: US$11.5b (up 46% from FY 2023).
• Profit margin: 16% (up from 11% in FY 2023).
• EPS: US$6.03 (up from US$4.07 in FY 2023).

C Banking Performance Indicators

• Cost-to-income ratio: 66.5% (down from 71.8% in FY 2023).
• Non-performing loans: 0.39% (down from 0.46% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citigroup EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%.

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 7.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Citigroup's balance sheet and an in-depth analysis of the company's financial position.

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