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January 17, 2013 8:00 AM EST Tweet
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Financial Fact:
Today’s EPS Names:
CZFC, RBCAA, ASBC, More
Citigroup, Inc. (NYSE: C) reported Q4 EPS of $0.69, which may not compare the analyst estimate of $1.04. Revenue for the quarter came in at $18.7 billion (ex CVA/DVA) versus the consensus estimate of $18.82 billion. Original EPS was $0.38, before items.
Basel I Tier 1 Common Ratio of 12.7%Estimated Basel III Tier 1 Common Ratio Increased to 8.7%.
Citigroup Deposits of $931 Billion Grew 7% Versus Prior Year Period.
Citicorp Loans of $540 Billion Grew 7% Versus Prior Year Period.
Michael Corbat, Citigroup’s Chief Executive Officer, said, “Our bottom line earnings reflect an environment that remains challenging- with businesses working through issues like spread compression and regulatory changes- as well as the costs of putting legacy issues behind us. However, we did make progress on several fronts. At 8.7%, we reached the target for our year-end Basel III Tier 1 Common ratio. We continue to have a very liquid balance sheet and a high-quality credit portfolio in our core businesses. It will take some time to work through the challenges of the current environment but realizing our core earnings potential, as well as improving our returns on assets and tangible equity, are critical goals going forward.”
For earnings history and earnings-related data on Citigroup, Inc. (C) click here.
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