Citigroup Q1 Total Revenues, Net Of Interest Expense $21.104B Beat $20.393B Estimate
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported Q1 total revenues of $21.104B, surpassing the analyst consensus estimate of $20.393B by 3.49%. However, this represents a 1.60% decrease from the $21.447B reported in the same period last year.
April 12, 2024 | 12:02 pm
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Citigroup's Q1 revenues exceeded expectations but showed a slight decrease from the previous year.
Beating revenue estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-over-year decrease might temper some of the positive momentum.
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