Citigroup closes the first quarter with declining profits and revenues

2024-04-12T14:02:09.973Z

Highlights: Citigroup closed the first quarter with a net profit of 3.37 billion dollars, a decrease of 27% compared to the same period of the previous year. Revenues also fell: 21.1 billion dollars (-2%). (HANDLE) Citigroup ended the firstquarter with net income of $3.37billion, down 27% from the sameperiod a year earlier.  Revenues also fell:  21.1billion dollars, down 2% from same period last year. Citi's net income for the quarter was $2.9 billion, down from $3billion in the same quarter last year, and $3 billion in the year before that, down 6% from $4.2 billion in 2013, and down 7% from 2012, respectively. Citi’s net income in the quarter: $2 billion, up from $1.8 billion in 2012, and up from £1.2billion in 2012.

Citigroup ended the first quarter with net income of $3.37 billion, down 27% from the same period a year earlier. Revenues also fell: 21.1 billion dollars (-2%). (HANDLE). (HANDLE)