Citigroup Inc. Financial | Money Center Banks | USA Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. In addition, this segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2016, it operated 2,649 branches in 19 countries. The Citi Holdings segment provides consumer loans; and portfolio of securities, loans, and other assets. Citigroup Inc. was founded in 1812 and is based in New York, New York.
Citigroup earnings beat Wall Street estimates as consumer business shows growth Citi reported a 3 percent year-over-year increase in global consumer banking revenue. A decline in fixed-income trading was offset by an increase in equity trading revenue. Citigroup reported better-than-expected quarterly results on Thursday, as its global consumer business showed further revenue growth. Here's how the banking giant's results fared against Wall Street estimates: EPS: $1.42 vs $1.32 expected by a Thomson Reuters survey Revenue: $18.173 billion vs $17.896 billion expected Fixed income trading: $2.877 billion vs StreetAccount's projected $2.84 billion The company's stock traded 0.5 percent lower early trade after hitting its highest level since 2008. https://www.cnbc.com/2017/10/12/citigroup-q3-earnings-2017.html?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=104766548&yptr=yahoo
