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Citigroup (IT:1C)
:1C
Earnings Data
Report Date
Jul 15, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.53Last Year’s EPS
1.34Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: 0.74%
|Next Earnings Date:Jul 15, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong quarter with significant growth in net income and revenues across various segments, particularly in wealth management and markets. However, challenges in non-interest revenue and a decline in retail services highlight areas of concern. Overall, the firm's strategic initiatives and strong capital returns provide a positive outlook despite macroeconomic uncertainties.Company Guidance
During the first quarter of 2025, Citi reported a net income of $4.1 billion, translating to earnings per share of $1.96 and a return on tangible common equity (ROTCE) of 9.1%. The bank achieved a 5% year-over-year decline in expenses and delivered positive operating leverage across its five business lines for the third consecutive quarter, and for the firm overall, for the fourth quarter. Revenues increased by 3% to $21.6 billion, driven by growth in each business segment. The services segment recorded its highest first-quarter revenue in a decade, while markets revenue rose 12%, with a notable 23% increase in equities. The banking division experienced a 12% revenue increase, partly due to M&A revenue nearly doubling. Wealth management revenues grew by 24%, driven by an 11% organic growth in client investments. US Personal Banking (USPB) saw a 2% uptick, supported by increased loan balances in branded cards. Citi returned $2.8 billion in capital to shareholders, including $1.75 billion in buybacks, and ended the quarter with a Common Equity Tier 1 (CET1) ratio of 13.4% and a tangible book value per share of $90. The bank remains focused on transformation investments and leveraging artificial intelligence to enhance client experience.Strong Net Income and Revenue Growth
Reported net income of $4.1 billion and earnings per share of $1.96 with an ROTCE of 9.1%. Total revenues were up 3%, driven by growth in each of the businesses.
Positive Operating Leverage Across All Segments
Citi delivered its third consecutive quarter of positive operating leverage for each of its five lines of business and the fourth consecutive quarter for the firm overall.
Record Performance in Wealth Management
Wealth revenues were up 24%, with growth across Citi Gold, the private bank, and Wealth at Work. The segment delivered record revenue this quarter with improved efficiency and returns.
Strong Performance in Markets
Markets revenues were up 12%, with equities revenues increasing by 23% and fixed income revenues by 8%. This marks the fourth consecutive quarter of positive operating leverage in markets.
Increased Capital Return to Shareholders
Returned $2.8 billion in capital to shareholders, including $1.75 billion of buybacks, which is the highest quarterly amount since 2022.
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IT:1C 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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IT:1C Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 15, 2025 | €55.60 | €57.13 | +2.75% |
| Jan 15, 2025 | €71.00 | €74.96 | +5.58% |
| Oct 15, 2024 | €59.82 | €58.55 | -2.12% |
| Jul 12, 2024 | €59.23 | €57.11 | -3.58% |
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 (IT:1C) report earnings?
Citigroup (IT:1C) is schdueled to report earning on Jul 15, 2025, TBA Not Confirmed.
What is Citigroup (IT:1C) earnings time?
Citigroup (IT:1C) earnings time is at Jul 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 stock?
The P/E ratio of Citigroup is N/A.
What is IT:1C EPS forecast?
IT:1C EPS forecast for the fiscal quarter 2025 (Q2) is 1.53.
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