C Earnings Prediction
The chart below shows how C performed 10 days before and after its earnings report, based on data from the past quarters. Typically, C sees a -3.18% change in stock price 10 days leading up to the earnings, and a +1.74% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
C Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
19.91B
13.95%
-2.16%
Gross Margin
--
--
--
Operating Margin
20.87%
637.46%
-4.66%
Net Margin
14.51%
240.33%
-9.76%
EPS
1.34
216.52%
-11.26%
No Data Available
C Earnings Analysis
Citigroup Inc Corporation (C.N) Earnings Conference Call
Positive
Net Income Surge: Net income for the fully year was up nearly 40% to $12.7 billion.
Revenue Target Exceeded: We exceeded our fully year revenue target with revenues up 5% ex-divestitures.
Fee Revenue Increase: Fee revenue was up 17% and we saw a smaller impact from Argentina's currency devaluation.
Expense Management and Efficiency: We delivered expenses within our guidance and improved our efficiency ratio by 340 bps while increasing investment in our transformation.
Positive Operating Leverage: Our five core businesses each generated positive operating leverage for the fully year which we also achieved at the firm level.
Negative
Decline in Net Income: Net income reported for Q4 was $2.9 billion, down from previous quarters, indicating a decline in profitability.
Currency Devaluation Impact: Adjusted revenues were significantly impacted by Argentina's currency devaluation, affecting overall financial performance.
Operating Expenses Reduction: Operating expenses for the year were reported at $13.2 billion, down 18%, but largely due to the absence of prior year restructuring charges.
Banking Revenue Decline: The banking segment saw a decrease in revenues, primarily driven by lower volumes and competitive pressures in the market.
Elevated Expense Outlook: The company expects expenses to remain elevated in 2025, indicating ongoing financial strain despite previous reductions.
