Citigroup (C) Reports Q1 EPS of $1.05

Citigroup (NYSE: C) reported Q1 EPS of $1.05, may not compare to the analyst estimate of $1.04. Revenue for the quarter came in at $20.7 billion versus the consensus estimate of $19.01 billion.

Citigroup cost of credit of $7.0 billion in the first quarter 2020 compared to $2.0 billion in the prior-year period, reflecting the loan loss reserve builds related to the impact of changes in Citi’s economic outlook on estimated lifetime losses under the CECL standard.

For earnings history and earnings-related data on Citigroup (C) click here.

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