Summary
Citigroup Beats
Citigroup (C) reported 1st Quarter March 2023 earnings of $1.86 per share on revenue of $37.5 billion. The consensus earnings estimate was $1.66 per share on revenue of $20.1 billion. The Earnings Whisper number was $1.69 per share. Revenue grew 74.7% on a year-over-year basis.
The company said in its earnings presentation it continues to expect 2023 revenue of $78.0 billion to $79.0 billion. The current consensus revenue estimate is $77.78 billion for the year ending December 31, 2023.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.
Results
Reported Earnings
$1.86
Earnings Whisper
$1.69
Consensus Estimate
$1.66
Reported Revenue
$37.49 Bil
Revenue Estimate
$20.08 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Citigroup Reports First Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Please view Citi’s first quarter 2023 earnings press release on its website https://www.citigroup.com/global/investors.
Additional financial, statistical, and business-related information, as well as business and segment trends, are included in a Quarterly Financial Data Supplement. Both the earnings release and Citigroup’s First Quarter 2023 Quarterly Financial Data Supplement are available on Citigroup’s website at https://www.citigroup.com/global/investors.
Citigroup will host a conference call today at 11:00 AM (ET). To attend the live webcast please visit:https://www.veracast.com/webcasts/citigroup/webinars/017Z29.cfm. A replay and transcript of the webcast will be available shortly after the event.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
View source version on businesswire.com: https://www.businesswire.com/news/home/20230413005829/en/
Media: Danielle Romero-Apsilos (212) 816-2264
Investors: Jennifer Landis (212) 559-2718
Source: Citigroup Inc.
