Citigroup Inc. (NYSE: C) Wednesday reported greater revenues for the fourth quarter of 2024. Each revenues and the underside line exceeded analysts’ estimates.
Within the December quarter, web revenue got here in at $2.9 billion or $1.34 per share, in comparison with a lack of $1.8 billion or $1.16 per share within the corresponding interval final 12 months. Earnings topped expectations.
Fourth-quarter revenues have been $19.6 billion, in comparison with $17.44 billion within the prior 12 months interval. The highest line exceeded analysts’ estimates.
“2024 was a essential 12 months and our outcomes present our technique is delivering as meant and driving stronger efficiency in our companies,” stated Citi’s CEO Jane Fraser.
