Trading-Stocks.de

Citigroup Stock Rises Even Though Revenue Falls Short

...

Citigroup (ticker: C) reported lower revenue than expected when it disclosed its fourth-quarter earnings Monday before the market opened. Fixed-income trading was particularly weak.

Investors shrugged off the bad news, which was tempered by positive results in and the core banking business. The stock was up 2.5% in morning trading, while the Dow Jones Industrial Average was 0.4% lower.

The bank’s fixed-income trading unit reported $1.94 billion in revenue, a 21% year-over-year drop. Overall, the company, which was the first big U.S. bank to report its year-end results, reported $17.1 billion in revenue, well below the $17.6 billion analysts expected.

Citigroup’s earnings were higher than expected. The bank delivered $1.61 a share in profit, excluding the impact of tax-law changes, above the consensus of $1.55 a share.

...

https://www.barrons.com/articles/citigro...yptr=yahoo



https://www.barrons.com/articles/citigro...yptr=yahoo

Citigroup's Mixed Results Prompt Muddled Reaction in Its Shares

Citigroup investors may need more information before calling the earnings beat a buying opportunity.

...

The banking giant reported earnings per share of $1.87, besting estimates set at $1.80 per share, and posted revenue that came nearly in line with the FactSet consensus.

Despite the largely positive headline results, the stock slid on the initial release before building back up to a flat open on Monday.

...

Citigroup's net in the first quarter increased about 2%, but that largely was driven by a lower effective tax rate, which was reported at 21% in the current quarter compared to 24% in the first quarter of 2018. In addition, revenues decreased 2% year over year; the decline was blamed on lower revenues in equity markets, losses in the institutional clients group and the wind-down of legacy assets.

...

https://realmoney.thestreet.com/investin...yptr=yahoo

Citigroup Opens Bank Earnings on Strong Note

The opening salvo on busy season for Q2 earnings reports was supplied by Citigroup C, which outperformed expectations on both top and bottom lines during today’s pre-market hours. Earnings of $1.95 per share easily beat the $1.80 expected and the $1.62 in the year-ago quarter. Revenues of $18.758 billion topped the $18.31 billion in the Zacks consensus.

Beating earnings estimates is nothing new for Citi — it’s last negative quarterly surprise was way back in Q4 2014. Loans were up 3% in the quarter while deposits rose 5%, though credit costs were up 16%. Investment booking revenues were down 10% year over year.


...

https://finance.yahoo.com/news/citigroup...02184.html

Citigroup © Q4 Earnings Beat Estimates on Top-Line Strength

Citigroup C delivered a positive earnings surprise of 4.4% in fourth-quarter 2019, backed by revenue strength. Adjusted earnings per share of $1.90 for the quarter handily outpaced the Zacks Consensus Estimate of $1.82.

Including one-time gain, net income was $5 billion or $2.15 per share compared with the $4.3 billion or $1.64 per share recorded in the prior-year quarter.

Citigroup recorded higher revenues riding on consumer banking, investment banking and market revenues during the reported quarter. Though equity market revenues disappointed on a more challenging environment in derivatives, fixed income revenues were on an upswing. Moreover, investment banking revenues increased on strong underwriting business, partly muted by lower advisory business. Further, loans escalated.

However, rise in expenses was on the downside. Moreover, cost of credit soared.

For full-year 2019, net income came in at $19.4 billion compared with the $18 billion recorded in 2018.


...

https://finance.yahoo.com/news/citigroup...03422.html

Citigroup © Q2 Earnings and Revenues Beat Estimates

Citigroup © came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 6.38%. A quarter ago, it was expected that this U.S. bank would post earnings of $0.89 per share when it actually produced earnings of $1.06, delivering a surprise of 19.10%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Citigroup, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $19.77 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 3.06%. This compares to year-ago revenues of $18.76 billion.


...

https://finance.yahoo.com/news/citigroup...01586.html

Citigroup hat anscheinend ohne Grund   900 Mio. USD an die Kreditoren vom praktisch pleitegegangenen Unternehmen Revlon überwiesen...

Obwohl die Zahlung ein Versehen war, will ein Teil der Empfänger das Geld behalten und sagen: Danke Citi   


https://www.spiegel.de/wirtschaft/rechts...1905d06b10

Citigroup Shares Fall Despite Q3 Beats

...

For the big bank's Q3 of fiscal 2020, total revenue came in at $17.3 billion, which was 7% below the same quarter in 2019. Net profit fell at a far steeper rate, declining 35% to $3.2 billion ($1.40 per share). This performance was on the back of 16% growth in total deposits, and a 4% decline in loans.

...

https://www.fool.com/investing/2020/10/1...-q3-beats/

Zitat:Citigroup mit tiefrotem Quartal

Eine ganze Reihe von negativen Sondereffekten hat im vierten Quartal bei der Citigroup zu einem Milliardenverlust geführt. Die Posten, die zum Teil höher ausfielen als von der US-Bank im Dezember prognostiziert, trübten die zugrunde liegenden Ergebnisse ein, die in mehreren wichtigen Geschäftsbereichen Verbesserungen zeigten.

Citi berichtete für das Schlussquartal einen Verlust von 1,8 Milliarden Dollar oder 1,16 Dollar je Aktie, nachdem im Vorjahr noch ein Überschuss von 2,51 Milliarden Dollar oder 1,16 Dollar je Aktie erzielt worden war. Die Einnahmen gingen um drei Prozent auf 17,4 Milliarden Dollar zurück. Für das Gesamtjahr wies Citi einen Nettogewinn von 9,2 Milliarden Dollar oder 4,04 Dollar je Aktie aus, ein Rückgang von 38 Prozent verglichen mit dem Vorjahr.

https://www.n-tv.de/wirtschaft/der_boers...58449.html

Zitat:Massiver Stellenabbau bei der Citigroup nach desolatem Quartalsergebnis

Die US-Großbank Citigroup will nach einem überraschenden Quartalsverlust mittelfristig 20.000 Arbeitsplätze streichen. Bei der Vorlage der Jahresbilanz berichtete Bankchefin Jane Fraser von einem "enttäuschenden" Schlussquartal mit einem Verlust von 1,8 Milliarden US-Dollar.

Die 20.000 Stellen auf der Streichliste entsprechen gut acht Prozent der zuletzt rund 239.000 Jobs bei der Citigroup. Zunächst kostet der Umbau Geld: Für 2024 rechnet die Bank mit einer Milliarde Dollar an Sonderkosten etwa für Abfindungen.

https://www.n-tv.de/wirtschaft/der_boers...58675.html