[ad_1]
Banking behemoth Citigroup Inc. (NYSE: C) on Friday said its fourth-quarter 2022 profit declined despite an increase in profits. However, earnings exceeded market projections.
Citigroup reported net income of $2.5 billion, or $1.16 per share, for the fourth quarter of 2022, compared to $3.2 billion, or $1.46 per share, in the corresponding period last year. The latest numbers beat market forecasts. Total revenue increased 6% annually to $18.0 billion and slightly exceeded estimates.
Check out this space to read management/analyst commentary on Citigroup’s Q4 2022 earnings
“One of our main goals in 2022 is to create a strategic plan designed to create long-term value for our shareholders and I am pleased with the important progress that has been made in terms of Transformation, simplification, and strengthening of our five interconnected businesses, some of which generate good results this quarter,” said Citi CEO Jane Fraser.
Previous Performance
[ad_2]
Source link