Citigroup Cost Cuts Push Q4 EPS Higher
Banking giant (NYSE:C) reported fourth quarter and full-year earnings on Wednesday, Jan. 15, that topped analyst consensus estimates. Revenue of $19.6 billion came in just ahead of analyst forecasts for $19.51 billion. Earnings per share of $1.34 exceeded the expected $1.22 and was a big improvement over a $1.16 per share loss reported in Q4 2023.
Overall, the quarter revealed a mix of strong revenue growth alongside challenges in credit costs.
Source: Citigroup. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
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