==Citigroup (C) reported earnings on Fri 14 Jul 23 (b/o)

 

Citigroup beats by $0.02, reports revs in-line

• Reports Q2 (Jun) earnings of $1.33 per share, $0.02 better than the FactSet Consensus of $1.31; revenues fell 1.0% year/year to $19.44 bln vs the $19.34 bln FactSet Consensus.
• Allowance for credit losses on loans was $17.5 bln 
• End of period deposits were ~$1.3 tln, largely unchanged versus last year.

Citigroup reaffirms FY23 revenue guidance in slide presentation

• Co reaffirms guidance for FY23 (Dec), sees FY23 (Dec) revs of $78-79 bln vs. $78.89 bln FactSet Consensus.
• Co sees FY23 net interest income of $46 bln+ from prior guidance of $45 bln.