Citigroup Inc (NYSE:C) reported a third-quarter fiscal 2024 revenue growth of 1% year-over-year to $20.32 billion, beating the analyst consensus estimate of $19.84 billion. Excluding divestiture-related impacts, revenues were up 3%.
GAAP EPS of $1.51 beat the analyst consensus estimate of $1.31.
The stock climbed after the quarterly print in the premarket session but gave up gains.
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Net credit losses were $2.17 billion, up 33% Y/Y. Services revenue grew 8% year over year to $5.03 billion, primarily reflecting continued momentum in Securities Services, Treasury and Trade Solutions.
Markets revenue increased by 1% year over year to $4.82 billion, driven by growth in Equity markets revenues, partially offset by lower Fixed-Income markets revenues.
Banking revenue increased 16% Y/Y to ...
