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Citigroup | 10-Q: Q2 2024 Earnings Report

Citigroup | 10-Q: Q2 2024 Earnings Report

花旗集團 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/02 21:00

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Citigroup reported Q2 2024 net income of $3.2 billion ($1.52 per share), marking a 10% YoY increase, while revenues grew 4% to $20.1 billion. Operating expenses decreased 2% YoY to $13.4 billion, though cost of credit rose to $2.5 billion from $1.8 billion in Q2 2023. The total allowance for credit losses remained stable at $19.8 billion compared to the previous quarter.The Services division achieved net income of $1.5 billion (+21% YoY), while Markets posted $1.4 billion (+29% YoY) driven by strong Equity Markets performance. Banking segment showed significant improvement with net income of $406 million, up from $50 million in Q2 2023, reflecting increased Investment Banking activity. However, USPB experienced a 74% YoY decline in net income to $121 million due to higher credit costs in cards.The bank maintained solid capital positions with a CET1 ratio of 13.6% and total assets of $2.41 trillion. Notable developments included the completion of China consumer portfolios sale and plans for $1.0 billion in share repurchases in Q3 2024. The quarterly dividend remains steady at $0.56 per share, while the bank received regulatory penalties totaling $136 million.
Citigroup reported Q2 2024 net income of $3.2 billion ($1.52 per share), marking a 10% YoY increase, while revenues grew 4% to $20.1 billion. Operating expenses decreased 2% YoY to $13.4 billion, though cost of credit rose to $2.5 billion from $1.8 billion in Q2 2023. The total allowance for credit losses remained stable at $19.8 billion compared to the previous quarter.The Services division achieved net income of $1.5 billion (+21% YoY), while Markets posted $1.4 billion (+29% YoY) driven by strong Equity Markets performance. Banking segment showed significant improvement with net income of $406 million, up from $50 million in Q2 2023, reflecting increased Investment Banking activity. However, USPB experienced a 74% YoY decline in net income to $121 million due to higher credit costs in cards.The bank maintained solid capital positions with a CET1 ratio of 13.6% and total assets of $2.41 trillion. Notable developments included the completion of China consumer portfolios sale and plans for $1.0 billion in share repurchases in Q3 2024. The quarterly dividend remains steady at $0.56 per share, while the bank received regulatory penalties totaling $136 million.
花旗集團報告2024年第二季度凈利潤爲32億元(每股1.52美元),同比增長10%,同時收入增長4%至201億元。營業費用同比下降2%,至134億元,但信貸成本從2023年第二季度的18億元上升至25億元。與上個季度相比,信貸損失總準備金維持在198億元不變。服務部門實現凈利潤15億元(同比增長21%),市場部則錄得14億元(同比增長29%),受強勁的股票市場表現推動。銀行業務部門凈利潤顯著改善,達到40600萬元,高於2023年第二季度的5000萬元,反映出投資銀行活動的增加。然而,USPb由於信用卡信貸成本上升,凈利潤同比下降74%,至12100萬元。該銀行保持了穩健的資本狀況,CET1比率爲13.6%,總資產爲2.41萬億元。值得注意的進展包括完成中國消費資產組合的出售,以及計劃在2024年第三季度進行10億元的股份回購。季度股息保持在每股0.56美元不變,而該銀行受到總計13600萬元的監管罰款。
花旗集團報告2024年第二季度凈利潤爲32億元(每股1.52美元),同比增長10%,同時收入增長4%至201億元。營業費用同比下降2%,至134億元,但信貸成本從2023年第二季度的18億元上升至25億元。與上個季度相比,信貸損失總準備金維持在198億元不變。服務部門實現凈利潤15億元(同比增長21%),市場部則錄得14億元(同比增長29%),受強勁的股票市場表現推動。銀行業務部門凈利潤顯著改善,達到40600萬元,高於2023年第二季度的5000萬元,反映出投資銀行活動的增加。然而,USPb由於信用卡信貸成本上升,凈利潤同比下降74%,至12100萬元。該銀行保持了穩健的資本狀況,CET1比率爲13.6%,總資產爲2.41萬億元。值得注意的進展包括完成中國消費資產組合的出售,以及計劃在2024年第三季度進行10億元的股份回購。季度股息保持在每股0.56美元不變,而該銀行受到總計13600萬元的監管罰款。
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