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Monday, October 18, 2010

Citigroup Reports Passable Q3 Earnings (Financial Performance Charts & Review) *Net Revenues $20.7B, EPS $0.07* C

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Citigroup reported earnings today, October 18


Citigroup Reports Passable Q3 Earnings

Financial charts of Citigroup data and related commentary have been updated on the Citigroup Financial Performance page for the September Q3 2010 financial results reported today by Citigroup. The charts are:

Citigroup Performance by the Quarters
Earnings per Share
Net Revenues, Operating Income, and Net Income
Operating Margin & Net Margin
Capital to Assets & Tier 1 Capital Ratios
Return on Assets
Income Statement Components

Income Statement Q3 Overall, Citigroup continues as a break-even operation, barely eking out a profit. Compared to the dismal financial results in 2007, 2008, and 2009, the current Q3 is adequate. Citigroup financial performance was passable with net revenues of $20,738M and net income of $2,168M. From the prior quarter Q2 2010, net revenues were down -6.0%, net income was down -19.6%, and earnings per share were down -22.2%. From the prior year Q3 2009, net revenues were up +1.7%, net income was up +2046.5% (from $101M to $2,168M), and earnings per share was up +125.9% (from -$0.27 to +$0.07). Operating and net margins were down from the prior quarter Q2 2010 and have decreased for 2 quarters, but are up significantly from the prior year Q3 2009 when they were negative.

Balance Sheet Q3 Citigroup total assets are $1.983 trillion. The capital to assets ratio (stockholder's equity to total assets) is 8.21% and much improved from 2007 and 2008. The financial regulatory Tier 1 capital ratio is 12.50% and also much improved from prior years.


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