Citigroup Q3 Earnings: Profit Falls 9%, Investment Banking Revenue Soars, Mastercard and Apollo Partnerships
Citigroup Q3 Earnings: Profit Falls 9%, Investment Banking Revenue Soars, Mastercard and Apollo Partnerships
Citigroup Inc (NYSE:C) reported a third-quarter fiscal 2024 revenue growth of 1% year-over-year to $20.32 billion, beating the analyst consensus estimate of $19.84 billion. Excluding divestiture-related impacts, revenues were up 3%.
花旗集團Inc（NYSE：C）報告稱，截至2024財年第三季度，營業收入同比增長1％至203.2億美元，高於分析師共識預估的198.4億美元。不包括除資產剝離相關影響外，收入增長了3%。
GAAP EPS of $1.51 beat the analyst consensus estimate of $1.31.
每股收益爲1.51美元，高於分析師共識預估的1.31美元。
The stock climbed after the quarterly print in the premarket session but gave up gains.
季度報告後，股價在盤前交易中上漲，但隨後回落。
Also Read: Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%
閱讀更多：美國銀行Q3盈利：利潤下降12％，因貸款損失準備金增加，投資銀行費用激增18％
Net credit losses were $2.17 billion, up 33% Y/Y. Services revenue grew 8% year over year to $5.03 billion, primarily reflecting continued momentum in Securities Services, Treasury and Trade Solutions.
淨信貸損失爲217億美元，同比增長33％。服務收入同比增長8％，達到50.3億美元，主要反映了證券服務、財務和貿易解決方案持續增長所致。
Markets revenue increased by 1% year over year to $4.82 billion, driven by growth in Equity markets revenues, partially offset by lower Fixed-Income markets revenues.
市場營收同比增長1％，達到48.2億美元，由權益市場收入增長推動，部分抵消了固定收入市場收入的下降。
Banking revenue increased 16% Y/Y to $1.6 billion, primarily driven by growth in Investment Banking. U.S. Personal Banking revenue grew 3% Y/Y to $5.05 billion, driven by higher net interest income.
銀行業務收入同比增長16％，達到16億美元，主要受投資銀行業務增長推動。美國個人銀行業務收入同比增長3％，達到50.5億美元，主要由更高的淨利息收入推動。
Wealth revenue grew 9% to $2.0 billion, driven by a 15% increase in non-interest revenue. All other revenue declined 18% Y/Y to $1.83 billion, primarily due to closed exits and winddowns.
財富服務收入增長9％，達到20億美元，主要由非利息收入增長15％推動。所有其他收入同比下降18％，達到18.3億美元，主要因關閉出口和清算所致。
Net income of $3.24 billion decreased by 9% year over year, primarily reflecting a decline in net income in U.S. Personal Banking (USPB) and All Other. Operating expenses stood at $13.3 billion, a decrease of 2% year over year.
32.4億美元的淨利潤同比下降了9%，主要反映了美國個人銀行（USPB）和所有其他板塊淨利潤下降。營業費用爲133億美元，同比減少2%。
The total allowance for credit losses on loans was $18.4 billion, with a reserve-to-funded loans ratio of 2.70%, compared to $17.6 billion, or 2.68% of funded loans, at the end of the prior-year period.
貸款信貸損失總準備金爲184億美元，準備金與資助貸款比例爲2.70%，而上一年期末爲176億美元，或資助貸款的2.68%。
Citigroup's end-of-period loans were $689 billion at the quarter's end, up 3% Y/Y, mainly reflecting growth in U.S. Personal Banking and higher loans in Markets and Services.
花旗集團季末貸款爲6890億美元，同比增長3%，主要反映了美國個人銀行的增長以及市場及服務業務中的貸款增加。
At quarter end, deposits were ~$1.3 trillion, up 3% from the prior year, primarily due to an increase in Services.
季末存款約爲1.3萬億美元，比去年同期增長3%，主要是由於服務業務增加。
At the end of the quarter, Citigroup's book value per share was $101.91 (+3% Y/Y), and its tangible book value was $89.67 (+3% Y/Y).
季末，花旗集團每股賬面價值爲101.91美元（+3%同比增長），其有形賬面價值爲89.67美元（+3%同比增長）。
Citi CEO Jane Fraser flagged its new cross-border payments capability with Mastercard Inc (NYSE:MA) and a $25 billion private credit partnership with Apollo Global Management, Inc (NYSE:APO).
花旗CEO簡·弗雷澤標誌着其與萬事達集團（NYSE: MA）的新跨境支付能力以及與阿波羅全球管理公司（NYSE: APO）的250億美元私人信貸夥伴關係。
Outlook: Citigroup reiterated its fiscal 2024 adjusted revenue outlook of $80.00 billion—$81.00 billion, compared to the consensus of $80.36 billion.
展望：花旗集團重申其2024財年調整後營業收入展望爲800億至810億美元，而市場普遍預期爲803.6億美元。
Citigroup stock gained over 61% in the last 12 months. In September, the U.S. Fed slashed the lending rate by 50 bps, lowering the central bank's benchmark rate to 4.75%-5% to promote borrowing and lending activities.
在過去12個月中，花旗股票上漲了超過61%。9月份，聯儲局將貸款利率下調50個點子，將中央銀行基準利率降至4.75%-5%，以促進借貸活動。
Price Action: C stock is down 1.88% at $64.78 at the last check on Tuesday.
價格走勢：C股在週二最後一次檢查時下跌1.88%，報64.78美元。
Also Read:
還閱讀：
- Goldman Sachs Q3 Earnings: Investment Banking Fees Surges 20%, Asset & Wealth Management Up 16%, But Fixed Income Falters
- 高盛第三季度盈利：投資銀行費用增長20％，資產和财富管理增長16％，但固收表現疲軟
Image via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
