The tier 1 capital ratio of Citigroup increased to 13.9 percent in 2021, after continuously decreasing since 2016, when it was 14.2 percent. Im also proud that we recently met and exceeded goals to increase the representation of women and Black colleagues in our senior ranks - and we did so by embedding these goals in our business strategy, strengthening our talent pipelines, evolving our recruitment and hiring, promoting internally and making Citi a more attractive place to work. Getzville, NY 14068, Information about Citi, including quarterly earnings releases and filings with the U.S. Securities and Exchange Commission, can be accessed via Citi's website at www.citigroup.com. Total Asset Turnover 0.04: Liquidity. 7 Credit derivatives are used to economically hedge a portion of the Private Bank and Corporate Loan portfolio that includes both accrual loans and loans at fair value. In 2021, the business generated nearly $4.7 billion in . A key part of our strategy is investing in the Services businesses that are the heart of our global network and generate strong, fee-based returns. Jane Fraser, Citi CEO, said: With the announcement of our intention to focus our franchise in Mexico on our Institutional and Private Bank franchises, we have made the final decision related to the refresh of our strategy as it pertains to markets we intend to exit. Citigroup owns Citicorp, the holding company for Citibank, as well . We are also improving how we organize and leverage the incredible amount of data we have as a global bank. Through our Commercial Bank, we will expand our work with mid-sized companies who have aspirations to go global. In comparison to that, non-life insurers . Citadel Quantitative TraderWe tackle some of the toughest problems in the industry and. RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity (TCE). Assets Cash $ 1,078 . Returned $11.8 Billion of Capital to Common Shareholders in 2021; Payout Ratio of 56%. Citi-Branded Cards revenues of $2.1 billion decreased 3%, primarily reflecting continued higher payment rates. Headquartered in Beijing, China . Please view this page on the latest version of Internet Explorer or, "We are confident we have put Citi on the right path to improve returns over the long term and deliver the full benefits of our firm to all our stakeholders. Despite the headwinds of the low rate environment, our Treasury & Trade Solutions business maintained strong momentum. During the past 3 years, the average Total Assets Growth Rate was 6.50% per year. 540 Crosspoint Parkway These factors include, among others, macroeconomic and other challenges and uncertainties related to the COVID-19 pandemic, such as the duration and severity of the impact on public health, the U.S. and global economies, financial markets and consumer and corporate customers and clients, including economic activity and employment, as well as the various actions taken in response by governments, central banks and others, including Citi, and the precautionary statements included in this release. So far this year, we have returned close to $11 billion to shareholders through a healthy dividend and stock repurchases. Overall, I am quite pleased with $4.6 billion in net income given the environment we are operating in. Citigroup operates in North America, Asia, Latin America, and Europe, Middle East, and Africa (EMEA) regions. For a reconciliation of these measures to reported results, see Appendix B. Citigroup's book value per share of $92.21 and tangible book value per share of $79.16 each increased 7%, largely driven by net income. A Snapshot of Citi's 2021 Financial Performance 2021 Key Financial Metrics REVENUE $71.9 billion EPS $10.14 CET1 CAPITAL RATIO 12.2% 3 NET INCOME $22 billion ROTCE 13.4% 2 LIQUIDITY COVERAGE RATIO 115% GREW OUR TANGIBLE BOOK VALUE PER SHARE BY 7% RETURNED NEARLY $12 billion IN CAPITAL TO OUR SHAREHOLDERS Key Highlights across Our Businesses (YoY) Annual Balance Sheet - WSJ Subscribe Sign In Citigroup Inc. C (U.S.: NYSE) View All companies AT CLOSE 4:03 PM EST 12/09/22 $44.86 USD 0.17 0.38% AFTER HOURS 7:59 PM EST. 2022 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. Citigroup common stock is listed on the NYSE under the ticker symbol "C." Citigroup preferred stock Series J and K are also listed on the NYSE. While we have much work ahead, we are getting results from the investments we have been making and seeing both the strength and durability of our franchise," Ms. Fraser concluded. During the quarter, Citigroup repurchased 43 million common shares and returned a total of $4.0 billion to common shareholders in the form of common share repurchases and dividends. Since launching our Action for Racial Equity initiative in 2020, we have invested more than $1 billion to help close the racial wealth gap in the U.S. That includes investing in Black-founded companies through our Citi Impact Fund, investing in minority depository institutions and inviting them to participate in revenue-generation opportunities alongside Citi, and committing equity to Black real estate developers to preserve affordable and workforce housing. Reported net income includes an approximately $160 million accrual for withholding taxes related to certain Asia divestiture markets and a pre-tax true-up loss of approximately $14 million (approximately $12 million after tax) related to the sale of the Australia consumer business. Returned $4.0 Billion of Capital to Common Shareholders. Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. , Dec 9, 2022. That included the largest spin-off and second-largest M&A transaction of 2021 and successful capital raises for the IPOs of a number of high-growth companies, such as the dating app Bumble and the game developer Krafton. New York - Citigroup Inc. today reported net income for the fourth quarter 2021 of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion. Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors. Accessed December 11, 2022. https://www.statista.com/statistics/279834/total-assets-of-citigroup/, Citigroup. Citigroup Commercial Mortgage Trust 2021-PRM2 (US CMBS) 03 Sector Outlooks. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. The conference code for both numbers is 8287872. [1] Contents 1 By total assets 1.1 Banks by country or territory 2 By market capitalization 3 See also 4 References By total assets [ edit] The list is based on the April 2022 S&P Global Market Intelligence report of the 100 largest banks in the world. And we are confident we have put Citi on the right path to improve returns over the long term and deliver the full benefits of our firm to all our stakeholders. This compared to net income of $4.3 billion, or $1.92 per diluted share, on revenues of $16.8 billion for the fourth quarter 2020. Iron Mountain Announces Participation in Citi's 2021 Virtual Global. Corporate Lending revenues of $548 million decreased 6% (excluding gain / (loss) on loan hedges), reflecting lower volumes, partially offset by a lower cost of funds. Citigroups SLR for the third quarter 2021 was 5.8%, unchanged from the prior quarter. . In other words, we lifted everyone up. Provision for credit losses on other assets (24) 9 (3) (3) (3) - 88% - 7 - (100%) Policyholder benefits and claims 16 52 15 22 27 23% 69% 73 113 116 3% . Citigroup net income of $4.6 billion in the third quarter 2021 increased 48% from the prior-year period, driven by the lower cost of credit, partially offset by the higher expenses and lower revenues. Please create an employee account to be able to mark statistics as favorites. Citigroup total assets for 2020 were $2260.09B, a 15.83% increase from 2019. Citigroup operating expenses of $13.5 billion in the fourth quarter 2021 increased 18%. Total long-term assets can be defined as the sum of all assets classified as non-current Citigroup total long-term assets for the quarter ending September 30, 2022 were $664.636B, a 2.11% increase year-over-year. Toll-free No. The conference code for both numbers is 2976824. These factors also consist of those contained in Citigroups filings with the SEC, including without limitation the Risk Factors section of Citigroups 2020 Form 10-K. Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. Currently, you are using a shared account. Citigroup Company Stats Industry Banking and Financial Services Founded 1812 Headquarters New York, New York Country United States CEO Jane Fraser Employees 223,400 Forbes Lists #81 Best. Citigroups return on average tangible common equity (RoTCE) is a non-GAAP financial measure. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi. Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. That enabled us to generate net income of $22 billion on revenues of $71.9 billion, with a Return on Tangible Common Equity (RoTCE) of 13.4%. Citigroups results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures. Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This will make it easier for our investors to understand the performance of our core businesses and optimize the businesses we have chosen to exit. Louisville, KY 40233-5005 Citi-Branded Cards revenues of $2.0 billion decreased 1%, reflecting continued higher payment rates. Since 2018, total assets under management in the private markets have grown more than 60% from $6.0 trillion to $9.8 trillion3. Please check your download folder. ", Submitted our Transformation plans to regulators, Established a new, hybrid model for the future of work, Expanded the industry's largest instant payment network, Served as the active bookrunner for the largest USD transaction of 2021, increase representation of Black and women talent, most responsible and purpose-driven companies. These statements are not guarantees of future results or occurrences. As at December 31, 2020, the Institutional Clients Group managed about $24 trillion in assets under custody, and Global Consumer Banking (GCB) had $205 billion in investment assets under management (AUM). Get in touch with us now. ICG cost of credit included net credit losses of $81 million, compared to $210 million in the prior-year period, and a combined net ACL release and other provisions of $386 million compared to a release of $1.3 billion in the prior-year period. Box 505004 And with our unique global perspective, our on-the-ground knowledge, and our empathy and expertise, we are able to develop solutions to the toughest of problems. For a reconciliation to reported results, see Appendix B. These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. "Total Assets of Citigroup from 2011 to 2021 (in Trillion U.S. Banking revenues of $5.8 billion increased 12% versus the prior year (including gain / (loss) on loan hedges)7. View the Financial Supplement (PDF) Total non-accrual assets decreased 40% from the prior-year period to $3.4 billion. North America GCB revenues of $4.4 billion decreased 6%. Earlier this year, we released our initial plan, setting 2030 targets for our energy and power loan portfolios. statistic alerts) please log in with your personal account. Crow Holdings is a privately owned real estate investment and development firm with more than 70 years of history, $27 billion of assets under management, . Ensuring we have a culture characterized by excellence underpins the success of our Transformation. View Financial Supplement (Excel). During the past 5 years, the average Total Assets Growth Rate was 5.40% per year. Invested over $1 billion in our Action for Racial Equity initiative to help close the racial wealth gap in the U.S. These statements are based on managements current expectations and are subject to uncertainty and changes in circumstances. Citigroup net incomeof $3.2 billion in the fourth quarter 2021 decreased 26% from the prior-year period, driven by the higher expenses, partially offset by the higher revenues and lower cost of credit. Citigroup's end-of-period deposits were $1.3 trillion as of quarter end, an increase of 3% on a reported basis and 4% in constant dollars, driven by a 6% increase in GCB and a 4% increase in ICG. It was an opportunity to update our investors after a year of refreshing our strategy to focus our resources and energies on a compelling mix of businesses that can drive growth and higher returns. We have announced our intention to exit 14 of our consumer businesses in Asia, Europe and Mexico where there was not clear connectivity to the rest of our franchise. Read full definition. Show publisher information Being focused by directing resources to higher-returning businesses and away from the others. If we fall short, we will take decisive action and learn from our experience. Data can be a competitive advantage for us, helping us manage risk more efficiently, comply with regulations, deliver with excellence for our clients, identify revenue opportunities and achieve efficiencies. Citigroup Total Assets: $2,234 billion With a total asset of $2,234 billion, Citigroup has managed to add its name to the top 20 biggest banks in the world in 2021. Treasury and Trade Solutions revenues of $2.3 billion declined 4% on a reported basis and 5% in constant dollars, as higher fee revenues, a recovery in commercial card revenues and growth in trade were more than offset by the impact of lower deposit spreads. Fixed Income Investors: Thomas Rogers (212) 559-5091. We ended 2021 with a solid balance sheet and a liquidity coverage ratio of 115%. Ensuring we have the right talent is critically important to our firm's success. Earnings per share of $2.15 increased 58% from the prior-year period, reflecting the growth in net income, as well as a 3% decline in shares outstanding. Asia GCB revenues of $0.9 billion decreased 45% on a reported basis and 46% in constant dollars. Contacts: During the year, we were able to return nearly $12 billion of capital to common shareholders. Citi Retail Services revenues of $1.3 billion decreased 10%, reflecting lower average loans and higher partner payments. In the reported quarter, Citigroup repurchased 40 million common shares and returned $4.1 billion to shareholders in forms of common stock repurchases and dividends. Our teams comprise the most capable and focused minds in quantitative trading. On May 9, 2011, Citi effected a 1-for-10 reverse stock split. Citi is working with Gavi, the Vaccine Alliance, as the financial advisor for its COVAX Facility, which is supporting the fair and equitable distribution of COVID-19 vaccines around the world. Corporate / Other expenses of $369 million decreased 21%, reflecting the wind-down of legacy assets. In 2021, we issued a first-of-its-kind $1 billion social finance bond to increase access to essential services in emerging markets - part of a goal we set last year to expand access to housing, education and healthcare for 15 million low-income households, including 10 million women. Web address: www.computershare.com/investor. View the Financial Supplement (PDF) P.O. Percentage comparisons throughout this press release are calculated for the third quarter 2021 versus the third quarter 2020, unless otherwise specified. Overall, our revenues were 3% higher than last year excluding the impact of the sale of our consumer business in Australia. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Digitization has made scale and agility a competitive necessity. A few examples of assets of a company include cash, inventories, and accounts receivable. Jane Fraser became CEO and set a path for Citi to win in the digital world, Created Global Wealth Management to capitalize on the extraordinary rise in wealth creation, Launched Citi Self Invest, a no-fee digital app that expands access to wealth management, Streamlined Citi's consumer presence to focus on businesses with higher-return opportunities, Launched Citi Custom Cash card to meet evolving needs of the digital consumer, Reached $20 billion in digital deposits in the U.S. Retail bank, Submitted our Transformation plans to regulators to create a best-in-class risk and controls environment, Established a new, hybrid model for the future of work and welcomed nearly 47,000 new colleagues, Won two key custodial mandates including the management of nearly $1 trillion in ETFs, Expanded the industry's largest instant payment network now present in 28 markets, Facilitated landmark deals of 2021 including the largest merger of two Asian internet companies to date, Served as the active bookrunner for the largest USD transaction of 2021 which was also the sixth-largest USD transaction of all time, Grew Prime Finance balances by 23% outperforming the market index by 3%. Before becoming CEO in February 2021, she was President of Citi and CEO of the Global Consumer Bank, responsible for all of Citi's Consumer businesses, including Retail Banking and Wealth Management, Credit Cards, Mortgage and Operations and Technology in 19 markets. We remain committed to returning excess capital over and above the amount necessary to invest in our franchise and to maintain our safety and soundness. And while strong consumer balance sheets have impacted lending, we are seeing higher consumer spending across our cards products. Country of Assets: United States Sectors: Real Estate and Homebuilding; Structured Finance: CMBS; Structured Finance Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. For our strategy to unlock the greatest possible value, we know we need an infrastructure that is scaled and agile and delivers a great user experience. Citigroup's end-of-period loans were $665 billion as of quarter end, largely unchanged from the prior-year period on a reported basis. We continued to build out our leading custody platform, winning key mandates to provide post-trade services for some of our financial institution clients such as BlackRock. Citigroup cost of credit of $(0.5) billion in the fourth quarter 2021 compared to $(46) million in the prior-year period, primarily reflecting an improvement in net credit losses. Securities Services revenues of $688 million increased 5% on a reported basis and 7% in constant dollars, driven by higher settlement volumes and higher assets under custody, partially offset by lower deposit spreads. She is Vice Chair for Partnership for New York City and a member of the Harvard Business School's Board of Dean's Advisors, the Stanford Global Advisory Board, the Economic Club of New York and the Council on Foreign Relations. Citigroup Inc. is a globally diversified financial services holding company providing a range of financial products and services including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management to consumers, corporations, governments and institutions. Equity Markets revenues of $1.2 billion increased 40%, driven by derivatives, prime finance and cash equities, reflecting solid client activity and favorable market conditions. 888 250 3985 Contacts: For a reconciliation of this measure to reported results, see Appendix E. 5 Results of operations and financial condition excluding the impact of the sale of the consumer banking business in Australia are non-GAAP financial measures. This also allows us to target clients in the middle of the wealth continuum, which to date has been largely untapped territory for us despite already having relationships with them in the Commercial Bank. Being clinical in assessing which businesses Citi can retain or secure leading market positions. Citigroups SLR for the fourth quarter 2021 was 5.7%, a decrease from the prior quarter. Revenues declined 1% from the prior-year period, including a pre-tax loss of approximately $680 million related to the sale of the Australia consumer business in Global Consumer Banking (GCB). Read the full press release with tables and CEO commentary. Citi believes the presentation of its results of operations and financial condition excluding the impact of the Australia sale provides a meaningful depiction of the underlying fundamentals of its broader results and Asia GCB businesses results for investors, industry analysts and others. As we look to the horizon, the stakes could not be higher the world is only becoming more complex and more competitive. 4 Citigroups tangible book value per share is a non-GAAP financial measure. Compare C With Other Stocks From: To: Zoom: -10 0 10 20 TTM Net Income Because Citigroup's common stock is listed on the NYSE, the Chief Executive Officer is required to make an annual certification to the NYSE stating that she was not aware of any violation by Citigroup of the corporate governance listing standards of the NYSE. Citigroup's Total Assets for the quarter that ended in Sep. 2022 was $2,381,064 Mil.. During the past 12 months, Citigroup's average Total Assets Growth Rate was 7.90% per year. We advise people on how to invest for future needs, such as their children's education and their own retirement, and help them buy securities such as stocks and bonds. Citi returned nearly $12 billion of capital to shareholders and Tangible Book Value increased 7% during the year. GCB net income of $713 million decreased 42%, as the higher expenses and the lower revenues more than offset the lower cost of credit. Fixed Income Markets revenues of $2.5 billion decreased 20%, as solid growth in FX and commodities was more than offset by a decline in rates and spread products. . Citigroup total current assets for 2021 were $1626.918B, a 2.88% decline from 2020. To use individual functions (e.g., mark statistics as favourites, set The Company. Citigroups effective tax rate was 19.5% in the current quarter compared to 20.5% in the fourth quarter 2020. The following are lists of the largest banks in the world, as measured by total assets. Telephone No. Revenues increased 1% from the prior-year period, primarily driven by strong growth in Investment Banking in the Institutional Clients Group (ICG) and higher revenues in Corporate / Other, partially offset by lower revenues across regions in Global Consumer Banking (GCB). Taking into account our growth plan, the investments we are making in our businesses and efficiencies that will come out of our work, we believe we can increase shareholder value and achieve an RoTCE of 11%-12% in the next three to five years. Click here for the complete press release and summary financial information. New York Citigroup Inc. today reported net income for the fourth quarter 2021 of $3.2 billion, or $1.46 per diluted share, on revenues of $17.0 billion. For a reconciliation to reported results, see page 44 of Citi's 2021 Annual Report on Form 10-K. And by breaking down silos and deepening the sense of ownership that our people feel for the firm, we are building a culture thats focused on delivering the best outcomes for all our stakeholders. A Snapshot of Citi's 2021 Key Financial Metrics GREW OUR TANGIBLE BOOK VALUE PER SHARE BY 7% RETURNED NEARLY $12 billion IN CAPITAL TO OUR COMMON SHAREHOLDERS In 2021, we submitted our plan to the FRB and OCC. Citigroup total current assets for 2020 were $1675.139B, a 15.69% increase from 2019. Then you can access your favorite statistics via the star in the header. Total assets can be defined as the sum of all assets on a company's balance sheet. Get full access to all features within our Corporate Solutions. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. GCB net income of $1.3 billion increased significantly, as the lower cost of credit more than offset the decline in revenues and the higher expenses. Results for the quarter included a pre-tax impact of approximately $1.2 billion ($1.1 billion after taxes) related to the divestitures of Citis consumer banking businesses in Asia5. During the past 10 years, the average Total Assets . We strive to earn and maintain the public's trust by constantly adhering to the highest ethical standards. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. She is the first female CEO in the firm's history. On my first day as CEO, we committed Citi to achieving net zero greenhouse gas emissions by 2050. The fixed premium costs of these hedges are netted against the Private Bank and Corporate Lending revenues to reflect the cost of credit protection. New York Citigroup Inc. today reported net income for the third quarter 2021 of $4.6 billion, or $2.15 per diluted share, on revenues of $17.2 billion. Use Ask Statista Research Service, Leading banks in Mexico by total assets 2021. Excluding the deferrals based on the modified CECL transition provision, Citigroups CET1 Capital ratio and SLR as of September 30, 2021 would be 11.4% and 5.7%, respectively, on a fully reflected basis. Citigroup total assets for the quarter ending September 30, 2022 were. Join Datasite as we unpack insights and trends from our global M&A report in partnership with PitchBook. Debt underwriting revenues increased 24% to $767 million, Equity underwriting revenues increased 16% to $507 million, and Advisory revenues increased significantly to $571 million. (March 15, 2022). Investment Banking revenues of $1.9 billion increased 39%, reflecting strong growth across products. in economics from Cambridge University. Citigroup's end-of-period deposits were $1.3 trillion as of quarter end, an increase of 7% on a reported basis and 6% in constant dollars, driven by an 8% increase in GCB and a 6% increase in ICG. The bank recently released its second-quarter 2021 results, surpassing the revenues and earnings consensus estimates. Louisville, KY 40233-5004 1 Preliminary. The annual certification to that effect was made to the NYSE on May 21, 2021. If you are an admin, please authenticate by logging in again. In March 2022, one year after I assumed the role of CEO, we held our first Investor Day since 2017. As we focus our resources in a more targeted way, we also have made some hard decisions about which businesses no longer fit into our vision for Citi. Citigroups allowance for credit losses on loans was $16.5 billion at quarter end, or 2.49% of total loans, compared to $25.0 billion, or 3.73% of total loans, at the end of the prior-year period. Stocks Citigroup (C) Joins Crypto Space, Unveils Digital Assets Unit June 25, 2021 03:32 pm EDT Written by Zacks Equity Research for Zacks -> Several banks are contemplating taking the. Morgan Stanley also offers substantial crypto exposure to its clients. Our wealth businesses continued their momentum. From 2009 to 2013, Jane served as the Chief Executive Officer of Citi's Global Private Bank. Results of operations excluding these Asia divestiture-related impacts are non-GAAP financial measures. Jane has deep experience across Citis consumer and institutional businesses and, in many ways, she helped shape Citi into the company it is today. Are you interested in testing our corporate solutions? In the second quarter of the year, Citigroup reported total operating expenses of nearly $11.2 billion, which is up roughly 1% from the first quarter of the year and up about 7% from the second . Several concrete examples of the reallocation of financing and investment portfolios towards green assets can also be noted 2021. For over 200 years, our global network has demonstrated the flexibility and resilience to adapt to the times. Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. Additional financial, statistical and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned . Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. For a reconciliation of these measures to reported results, see Appendix B. Citigroups return on average tangible common equity (RoTCE) is a non-GAAP financial measure. Net income of $4.6 billion increased 48% from the prior-year period driven by a lower cost of credit, partially offset by the lower revenues and higher expenses. We also served as joint global coordinator on the largest overnight trade on record, and we were an active bookrunner for the year's biggest U.S. dollar corporate bond offering, which was also the sixth-largest U.S. dollar transaction of all time. Box 505005 Net income of $3.2 billion decreased 26% from the prior-year period, reflecting higher expenses, partially offset by higher revenues and lower cost of credit. Percentage comparisons throughout this press release are calculated for the fourth quarter 2021 versus the fourth quarter 2020, unless otherwise specified. Markets and Securities Services revenues of $5.0 billion decreased 4%. Fixed Income Investors: Thomas Rogers (212) 559-5091. Retail Banking revenues of $1.0 billion decreased 6%, driven by lower deposit spreads and lower mortgage revenues. Calculated by dividing a company's operating earnings by its total assets. Published by Statista Research Department , Jul 20, 2022 The total assets of Citigroup increased steadily between 2016 and 2021. This compared to net income of $3.1 billion, or $1.36 per diluted share, on revenues of $17.3 billion for the third quarter 2020. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information 2020 2021 2021 2021 2021 3Q21 4Q20 2019 2020 2021 (Decrease) Total revenues, net of interest expense(1)(2) . Outlook Report / Tue 21 Jun, 2022. 888 250 3985 Wells Fargo RepossessionAfter selling the car at auction, Wells Fargo attempted to collect more than $10,000 from Singleton, the. Certain statements in this release are forward-looking statements within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). But its also important to note that our Transformation goes far beyond remediation. "Total assets of Citigroup from 2011 to 2021 (in trillion U.S. Citigroup. This is about putting Citi in the position to compete and win. Private Bank revenues of $963 million increased 6% (excluding gain / (loss) on loan hedges), driven by higher fees and lending volumes, reflecting strong momentum with new client acquisitions, partially offset by lower deposit spreads. Private Bank revenues of $973 million increased 4% (excluding gain / (loss) on loan hedges), driven by higher fees and lending volumes, reflecting momentum with both new and existing clients, partially offset by lower deposit spreads. This work is so fundamental and consequential in nature that we call it our Transformation. Citigroup total assets from 2010 to 2022. ICG net income of $3.4 billion increased 21%, as the lower cost of credit and the higher revenues more than offset the higher expenses. She is married with two children. All Citi common stock certificates issued prior to that date must be exchanged for new certificates by contacting Computershare at the address noted above. 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