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Citigroup (C) Reports Q1 EPS of $1.05

April 15, 2020 8:00 AM

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.

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

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