Citigroup Earnings, Revenue Beat in Q1
2022.04.14 15:32
Citigroup Earnings, Revenue Beat in Q1
Investing.com – Citigroup (NYSE:C) reported on Thursday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Citigroup announced earnings per share of $2.02 on revenue of $19.19B. Analysts polled by Investing.com anticipated EPS of $1.51 on revenue of $18.32B.
Citigroup shares are down 16% from the beginning of the year, still down 37.54% from its 52 week high of $80.29 set on June 2, 2021. They are under-performing the S&P 500 which is down 6.71% from the start of the year.
Citigroup shares gained 2.89% in pre-market trade following the report.
Citigroup follows other major Financial sector earnings this month
Citigroup’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.63B.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
