Citigroup Reports Strong Earnings as Stock Continues to Rise
Citigroup ended 2024 with an impressive 37% gain for shareholders
- |
- Written by Global Exchange staff

One of America’s largest financial institutions, Citigroup, ended 2024 with an impressive 37% gain for shareholders on the year and this week’s report does not show any signs of a slowdown.
It’s fourth quarter net income was $2.86 billion, vast improvement from a year ago. It also announced a major stock buyback of more than $20 billion.
Shares of the stock rose another 3% on Wednesday’s news.
Investment banking and loan hedges were two of the catalysts for growth but almost every major division showed growth.
The stock had already grown by 4% in the last two weeks even before the news as investors like the turn around efforts over the past three year.
Tagged under Management, Feature, Feature3, Global Exchange,
Related items
- Deaglo Offers a White Label Platform That Will Benefit Financial Institutions
- HSBC Axes Investment Banking Operations Amid Ongoing Restructuring
- Payments Experts Come Together for Live Discussion in February
- Generative AI "Agentics" Poised to Help Mid-Sized Banks Improve Compliance and Fraud Detection
- Markets Start Week With Sell-Off Led by Bitcoin and Nasdaq