Citigroup Inc (NYSE:C) reported a Q4 FY23 revenue decline of 3% Y/Y to $17.44 billion, missing consensus estimates. Adjusted EPS of $0.84 beat consensus, while GAAP EPS showed a loss of $(1.16) due to divestiture impacts. Net credit losses increased by 69% Y/Y. The company saw growth in Services, U.S. Personal Banking, and Banking revenue, but declines in Markets and Wealth revenue. Operating expenses rose by 23% Y/Y, and the company reported a net loss of $(1.84) billion. Citigroup plans to cut 20,000 jobs in the medium term after its worst quarter in 15 years. The FY24 revenue outlook is set at $80-$81 billion, above consensus. Citigroup's shares rose by 2.47% to $53.37.