Citigroup Inc (NYSE:C) reported a fourth-quarter FY23 revenue decline of 3% year-over-year to $17.44 billion, missing the consensus of $18.74 billion. Adjusted EPS of $0.84 beat the consensus of $0.81.
GAAP EPS loss was $(1.16), excluding the divestiture-related impacts.
Net credit losses for the fourth quarter were $1.99 billion, up 69% year-over-year.
Services revenue grew 6% Y/Y to $4.5 billion, mainly driven by higher net interest income across Treasury and Trade Solutions (TTS) and Security Services.
Markets revenue declined by 19% Y/Y to $3.4 billion, driven by a decline in Fixed Income.
Banking ...