Citigroup C earnings 1Q 2022


Jane Fraser, CEO of Citigroup


Citigroup topped expectations for first-quarter profit and revenue on better-than-expected trading results as Wall Street benefited from surging volatility tied to the Ukraine war.

The company’s stock closed up 1.6% at $50.93. Despite already trading at the lowest valuation among peers, Citigroup shares have lost about 15% this year, compared with the nearly 12% drop in the KBW Bank Index.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $2.02 vs. $1.55 expected
  • Revenue: $19.19 billion vs. $18.15 billion expected

The bank said Thursday that earnings fell 46% to…

Source cnbc.com

0 0 votes
Article Rating

Lamborghini customers waiting more than 12 months for a car, CEO says

Previous article

Soaring gas prices are forcing some Uber, Lyft drivers off the road

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings