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Startdatum
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Laatste update:
29-01-2010

Citigroup first Quarter 2018 Results and Key Metrics.

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Overig advies 13/04/2018 14:35
highlights
- Earnings per Share of $1.68
- Net Income of $4.6 Billion
- Revenues of $18.9 Billion
- Returned $3.1 Billion of Capital to Common Shareholders
- Repurchased 30 Million Common Shares
- Book Value per Share of $71.67
- Tangible Book Value per Share of $61.025

New York, April 13, 2018 – Citigroup Inc. today reported net income for the first quarter 2018 of $4.6 billion, or $1.68 per diluted share, on revenues of $18.9 billion. This compared to net income of $4.1 billion, or $1.35 per diluted share, on revenues of $18.4 billion for the first quarter 2017.
Revenues increased 3% from the prior-year period, driven by growth in both the Institutional Clients Group (ICG) and Global Consumer Banking (GCB), partially offset by lower revenues in Corporate / Other primarily due to the continued wind-down of legacy assets. Net income of $4.6 billion increased 13%, driven by the higher revenues and a lower effective tax rate, partially offset by higher expenses and cost of credit. Earnings per share of $1.68 increased 24% from $1.35 per diluted share in the prior-year period, driven by the growth in net income and a 7% reduction in average diluted shares outstanding.
Percentage comparisons throughout this press release are calculated for the first quarter 2018 versus the first quarter 2017, unless otherwise specified.

see and read more on
http://www.citigroup.com/citi/investor/data/qer118.pdf?ieNocache=613



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