Citigroup (C) Q1 Earnings Beat Estimates, Revenues Decline Y/Y
Citi(C) Zacks Investment Research·2024-04-12 23:46
Citigroup Inc.’s (C) first-quarter 2024 net income from continuing operations per share of $1.58 surpassed the Zacks Consensus Estimate of $1.13. However, the metric declined 28% from the year-ago quarter.Shares of C have gained 1.8% in the pre-market trading on a higher-than-expected quarterly performance.However, it witnessed declines in total loans and deposits in the quarter. Also, a decline in revenues and deteriorating credit quality are near-term woes.Net income for the quarter was $3.37 billion, dow ...