In This Article:
Investing.com -- Citigroup on Wednesday reported stronger-than-expected fourth-quarter profit and revenue, while authorizing a $20 billion share buyback program, sending its shares by more than 2% before the bell.
The bank posted a net income of $2.9 billion, or $1.34 per share, surpassing analysts' estimates by 12 cents. Also, a turnaround from the prior year's loss of $1.8 billion, or loss of $1.16 per share.
Revenue for the quarter ended Dec. 31 rose to $19.58 billion, beating the consensus estimate of $19.45 billion.
Citigroup (NYSE:C) outlined its 2025 outlook during a presentation, forecasting revenue in the range of $83.5 billion to $84.5 billion.
The bank also expects expenses to come in slightly lower than about $53.8 billion, with net interest income excluding markets projected to rise modestly year-over-year.
Related Articles
Citigroup beats Q4 profit, revenue, announces $20 bln share buyback
New York City lawsuit against Exxon, BP, Shell over climate change dismissed
Goldman Sachs beats profit estimates as investment banking, trading fuel bumper quarter