Citigroup Reported Better-Than-Expected Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/C'>Citigroup Inc. (NYSE:C) </a>reported its Q4 results, which came in better than expected and provided some reassurance about the company’s outlook, following 25% underperformance versus US banks during last year. The company’s quarterly revenue came in at $17 billion, beating the Street estimate of $16.75 billion. </p>
<p>While lower-than-expected loan-loss charges accounted for most of the company’s earnings strength, the bank’s net interest income was 4% better than expected. </p>
<p>The continuing recovery of Citigroup’s credit card volumes also appears stronger than for some peers. This, and potential benefits from rising US interest rates, should increasingly support the bank’s domestic consumer revenues.</p>

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