Citigroup Reports Fourth Quarter 2016 Earnings Per Share of $1.14
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Citigroup (C) Tops Q4 EPS by 2c
January 18, 2017 8:00 AM ESTCitigroup (NYSE: C) reported Q4 EPS of $1.14, $0.02 better than the analyst estimate of $1.12. Revenue for the quarter came in at $17 billion versus the consensus estimate of $17.3 billion.
Citigroup
Citigroup revenues of $17.0 billion in the fourth quarter 2016 decreased 9%, driven by the absence of net gains on asset sales in Citi Holdings, partially offset by a 6% increase in Citicorp revenues. Excluding the impact of foreign exchange translation6, Citigroup revenues decreased 7%, driven by a 79% decrease in Citi Holdings, partially offset by an 8% increase in Citicorp.Citigroups net income increased to $3.6 billion in the fourth... More