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Citigroup Inc. (C) reported its 2021 Q4 earnings before the opening bell on Friday. The world’s 15th largest financial services company topped Wall Street analyst expectations.
The company reported total revenue of $17 billion in Q4 vs. analyst forecast of $16.84 billion. Earnings per share reported at $1.46 per share vs. forecast of $1.39 per share.
Citi CEO, Jane Fraser commented on the latest financial results – ”We had a decent end to 2021 driving net income for the year up to $22 billion in what was a far better credit environment than the previous year. Citi returned nearly $12 billion of capital to shareholders and Tangible Book Value increased 7% during the year. We continue to transform our bank with a focus on simplification and building a culture of excellence. We have seen the resilience and importance of Citi as we have supported our clients through uncharted waters and we will continue to serve them with pride.”
Citigroup Inc. chart (1Y)
Shares of Citigroup were trading lower in the pre-market trading hours on Friday, down by around 4%. The stock is up by around 12% year-to-date at $67.78 per share.
Citigroup is the world’s 105th largest company in the world with a total market cap of $134.49 billion.
You can trade Citigroup Inc. (C) and Wells Fargo & Co (WFC) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Citigroup, TradingView, CompaniesMarketCap
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