Editorials24.com – Citigroup (NYSE:) reported on Friday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Citigroup announced earnings per share of $1.99 on revenue of $17.02B. Analysts polled by Editorials24.com anticipated EPS of $1.57 on revenue of $17.01B.
Citigroup shares are up 12% from the beginning of the year, still down 15.58% from its 52 week high of $80.29 set on June 2, 2021. They are outperforming the S&P Global 100 which is down 0.7% from the start of the year.
Citigroup shares lost 4.09% in pre-market trade following the report.
Citigroup follows other major Financial sector earnings this month
Citigroup’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3 on revenue of $29.87B.
Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.1 on revenue of $18.65B.
Stay up-to-date on all of the upcoming earnings reports by visiting Editorials24.com’s earnings calendar
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