Earnings And Market ValuationCitigroup achieved a strong 15% earnings per share beat, with double-digit growth in services, indicating potential upside as the stock price is currently well below tangible book value.
Financial PerformanceCiti's 3Q24 results benefited from strong capital markets performance, with investment banking up 44% year-over-year, showcasing robust financial growth.
Regulatory DevelopmentsThe Fed's termination of a 2013 BSA/AML consent order with Citi is a positive development, indicating progress in regulatory compliance.