Reports Q4 revenue $19.6B, consensus $19.51B. Reports Q4 CET1 capital ratio 13.6%. Reports Q4 ROCE 5.4%. Reports Q4 RoTCE 6.1%. Citi (C) CEO Jane Fraser said, “2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses. Our net income was up nearly 40% to $12.7 billion and we exceeded our full year revenue target, including record years in Services, Wealth and U.S. Personal Banking. We delivered expenses within our guidance and improved our efficiency ratio while concluding a significant reorganization of our firm. We returned nearly $7 billion of capital to common shareholders and our Board of Directors has authorized a program to repurchase $20 billion in common stock.”
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