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4/14, 2:07 PM (Source: TeleTrader)
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Citigroup's EPS down 44% in Q1 to $2.02

Citigroup Inc. released on Thursday its earnings report for the first quarter of 2022, with total revenues at $19.1 billion, a drop of 2% from the same period last year. Diluted earnings per share (EPS) came to $2.02, plunging 44% year-on-year, while net income fell by 46% to $4.3 billion.

"We continue to see the health and resilience of the U.S. consumer through our cost of credit and their payment rates. We had good engagement in key drivers such as cards loan growth and vigorous purchase sales growth, so we like where this business is headed," said CEO Jane Fraser.

Citigroup's shares gained 3.19% in premarket trade after the announcement.

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