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Citigroup Q1 Earnings: A Good Bank For Sale At 0.7x Tbv (nyse:c)

by seekingalpha.com posted 2weeks ago 9 views
LPNEWS
Citigroup Inc. (NYSE:C) reported its 2024 Q1 earnings on Friday morning, April 12. The results are quite strong, in my view, beating market expectations on both lines. To wit, its GAAP EPS dialed in at $1.58, beating market expectations by $0.41. Its revenue came in at $21.1B, beating market expectations by $700M. Digging into the report's future, I think a few more items are of more interest besides the top and bottom line numbers. And it's the goal of this article to dissect these items in more detail. These items are summarized in the chart below.

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