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Citigroup Inc (DE:TRVC)
:TRVC
Earnings Data
Report Date
Apr 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.81Last Year’s EPS
1.52Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 15, 2025
|% Change Since: 13.34%
|Next Earnings Date:Apr 15, 2025
Earnings Call Sentiment|Positive
Citi reported strong financial results for 2024 with significant revenue and net income growth, supported by successful strategic initiatives. However, the adjustment of the 2026 RoTCE target and challenges in the banking segment indicate areas requiring attention. Despite these issues, the overall sentiment leans positive, driven by robust market performance and strategic clarity.Company Guidance
During Citi's Q4 2024 earnings call, the management provided comprehensive guidance on various metrics and financial targets. They reported a full-year net income increase of nearly 40% to $12.7 billion, with revenues rising 5% excluding divestitures. The return on tangible common equity (RoTCE) grew by over 200 basis points. For 2025, they anticipate revenues to be around $83.5 to $84.5 billion, representing a 3% to 4% increase, while expenses are expected to slightly decline from the 2024 level. They also aim to achieve a RoTCE of 10% to 11% by 2026, emphasizing that this is a waypoint rather than a final destination. Additionally, Citi announced a $20 billion share repurchase program, demonstrating their confidence in ongoing earnings momentum and commitment to returning capital to shareholders.Strong Full Year Performance
Net income was up nearly 40% to $12.7 billion, with revenues up 5% ex-divestitures and fee revenue up 17%.
Record Market Performance
Markets were up 6%, with equities up 26%, marking a record year for Citi in a low volatility environment.
Successful Share Repurchase Program
Citi returned almost $7 billion in capital to shareholders in 2024 and announced a $20 billion share repurchase program.
Positive Operating Leverage Across Businesses
All five core businesses generated positive operating leverage for the full year.
Wealth Management Growth
Revenue was up 7% for the year, including fee growth of 18%, with net new investment asset flows growing by 40%.
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DE:TRVC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:TRVC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | €70.99 | €75.13 | +5.83% |
| Oct 15, 2024 | €59.74 | €58.20 | -2.57% |
| Jul 12, 2024 | €59.32 | €56.90 | -4.09% |
| Apr 12, 2024 | €54.21 | €55.26 | +1.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Citigroup Inc (DE:TRVC) report earnings?
Citigroup Inc (DE:TRVC) is schdueled to report earning on Apr 15, 2025, TBA Not Confirmed.
What is Citigroup Inc (DE:TRVC) earnings time?
Citigroup Inc (DE:TRVC) earnings time is at Apr 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Citigroup Inc stock?
The P/E ratio of Citigroup is N/A.
What is DE:TRVC EPS forecast?
DE:TRVC EPS forecast for the fiscal quarter 2025 (Q1) is 1.81.
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