Investing.com – Citigroup (NYSE:) reported on Friday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Citigroup announced earnings per share of $2.07 on revenue of $16.50B. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $16.71B.
Citigroup shares are up 11% from the beginning of the year, still down 15.97% from its 52 week high of $82.13 set on January 16, 2020. They are outperforming the S&P 500 which is up 1.05% from the start of the year.
Citigroup shares lost 1.39% in pre-market trade following the report.
Citigroup follows other major Financial sector earnings this month
Citigroup’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $29.22B, compared to forecasts EPS of $2.56 on revenue of $28.41B.
Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $0.7 on revenue of $17.93B, compared to forecast for EPS of $0.5816 on revenue of $18.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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