Global consumer banking citi12/27/2023 ![]() Its global consumer banking revenue dropped 6% as holders of Citi-branded credit cards in North America paid down card balances, denying it interest income. ![]() Analysts on average had expected a profit of $1.38 per share, according to Refinitiv IBES data. ![]() The profit drop had sent the company's shares down as much as 3.5% in early trading, but they pared losses after CFO Mason confirmed that company would resume share buybacks as planned.Ĭiti had suspended buybacks in the fourth quarter to build capital ahead of charges for shutting down its Korean consumer business and the impact of a new rule on capital for derivatives risk.Įxcluding the hit from Asia divestitures, the bank earned a profit of $1.99 per share.
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