C - These Analysts Revise Their Forecasts On Citigroup Following Q1 Results | Benzinga
Citigroup Inc (NYSE: C) posted better-than-expected earnings for its first quarter on Friday.
Citigroup reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion. GAAP EPS of $1.58 beat the consensus of $1.20, according to data from Benzinga Pro.
Services revenue grew 8% year over year to $4.77 billion, mainly due to higher net interest income across Treasury and Trade Solutions (TTS) and Security Services. Markets revenue declined by 7% Y/Y to $5.38 billion, driven by a decline in Fixed Income.
The total ...