Citigroup reported net income of $3.8 billion ($1.86 per diluted share) and revenues of $22.1 billion for Q3. The company said results included a goodwill impairment of $726 million related to the sale of a 25% equity stake in Banamex, and excluding this item, net income was $4.5 billion.

1. 01

   Citigroup reported net income of $3.8 billion ($1.86 per diluted share) and revenues of $22.1 billion for Q3. The company said results included a goodwill impairment of $726 million related to the sale of a 25% equity stake in Banamex, and excluding this item, net income was $4.5 billion.

2. 02

   The company said revenues for Q3 increased 9% from the prior-year period. By segment, it cited increases of 7% in Services, 15% in Markets, 34% in Banking (including gain/loss on loan hedges) and 7% in USPB.

3. 03

   Citigroup said cost of credit for Q3 was $2.5 billion (net credit losses of $2.2 billion and a net ACL build of $236 million). Total non-accrual loans increased 70% from the prior-year period to $3.7 billion.

4. 04

   The company said it returned approximately $6.1 billion to common shareholders in the form of share repurchases and dividends during Q3. The preliminary CET1 ratio was 13.2%, down from 13.5% in the prior quarter.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.