"Citigroup Reports $1.8 Billion Loss in 4Q 2023 Earnings"
TL;DR Summary
Citigroup reported a $1.8 billion fourth-quarter loss due to charges related to overseas risks, last year's regional banking crisis, and CEO Jane Fraser's corporate overhaul. The charges impacted quarterly earnings by $4.66 billion, or $2 per share. Excluding their impact, earnings would've been 84 cents a share. The bank also announced plans to exit municipal bond and distressed debt trading operations as part of a corporate reorganization.
- Citigroup (C) earnings 4Q 2023 CNBC
- Citigroup swings to $1.8 billion loss on slew of charges Reuters
- Citi Swings to $1.8 Billion Loss on Slew of Charges U.S. News & World Report
- Citigroup Stock Falls After 4Q Charges The Wall Street Journal
- Citigroup Earnings: Is the Turnaround for Real? Barron's
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