Citigroup Income Statement Research

C Stock

USD 62.47 0.20 0.32%

Most accounts from Citigroup's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Citigroup current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Citigroup Valuation and Citigroup Correlation analysis.

For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

At present, Citigroup's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 13.9 B, whereas EBIT is forecasted to decline to about 4.6 B.

For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.At present, Citigroup's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 13.9 B, whereas EBIT is forecasted to decline to about 4.6 B.

	2021	2022	2023	2024 (projected)
EBITDA	31.4B	48.5B	9.4B	8.9B
EBIT	27.4B	44.2B	4.8B	4.6B

Ebitda Ebit

Citigroup income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Minority Interest	Extraordinary Items	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Interest Expense		0.35	0.46	0.42	0.45	0.16	0.29	0.29	0.0	0.48	0.59	0.62	0.61	-0.13	0.54	-0.53	0.0	-0.03	0.28	0.32	0.37	-0.1	0.3	0.29	0.26
Other Operating Expenses	0.35		0.04	-0.37	-0.32	0.14	-0.1	0.02	-0.13	0.38	0.54	0.36	0.3	-0.19	0.04	-0.18	-0.5	0.08	-0.26	0.12	0.13	-0.23	0.78	0.72	0.89
Operating Income	0.46	0.04		0.48	0.5	-0.01	0.48	0.77	-0.32	0.44	0.27	0.31	0.36	-0.36	0.03	-0.34	-0.06	0.41	0.16	0.77	-0.12	-0.53	-0.01	0.06	0.26
Ebit	0.42	-0.37	0.48		1.0	0.39	0.66	0.32	0.37	0.43	0.39	0.53	0.5	0.17	0.59	-0.48	0.51	-0.25	0.58	0.27	0.35	0.25	-0.41	-0.38	-0.44
Ebitda	0.45	-0.32	0.5	1.0		0.38	0.7	0.35	0.38	0.48	0.44	0.58	0.55	0.17	0.6	-0.52	0.49	-0.25	0.59	0.3	0.36	0.23	-0.39	-0.35	-0.39
Total Operating Expenses	0.16	0.14	-0.01	0.39	0.38		-0.14	-0.27	0.15	-0.07	0.19	0.09	-0.07	0.25	0.4	0.14	0.26	-0.13	-0.09	-0.25	0.37	0.24	0.38	0.12	-0.07
Income Before Tax	0.29	-0.1	0.48	0.66	0.7	-0.14		0.58	0.45	0.72	0.45	0.64	0.77	0.22	0.26	-0.76	0.31	-0.26	0.58	0.56	0.05	0.15	-0.34	-0.14	-0.08
Net Income	0.29	0.02	0.77	0.32	0.35	-0.27	0.58		-0.46	0.47	0.38	0.44	0.45	-0.14	0.17	-0.4	-0.2	0.61	0.45	0.99	0.09	-0.69	-0.1	-0.03	0.13
Income Tax Expense	0.0	-0.13	-0.32	0.37	0.38	0.15	0.45	-0.46		0.27	0.07	0.22	0.34	0.4	0.09	-0.4	0.56	-0.96	0.15	-0.47	-0.05	0.92	-0.26	-0.12	-0.23
Depreciation And Amortization	0.48	0.38	0.44	0.43	0.48	-0.07	0.72	0.47	0.27		0.8	0.88	0.82	0.01	0.33	-0.7	0.06	-0.15	0.42	0.47	0.22	-0.08	0.07	0.34	0.36
Selling General Administrative	0.59	0.54	0.27	0.39	0.44	0.19	0.45	0.38	0.07	0.8		0.94	0.71	0.04	0.72	-0.54	-0.15	-0.02	0.48	0.41	0.66	-0.12	0.23	0.3	0.35
Total Revenue	0.62	0.36	0.31	0.53	0.58	0.09	0.64	0.44	0.22	0.88	0.94		0.88	0.19	0.7	-0.73	0.05	-0.11	0.64	0.46	0.61	-0.04	0.05	0.16	0.16
Gross Profit	0.61	0.3	0.36	0.5	0.55	-0.07	0.77	0.45	0.34	0.82	0.71	0.88		0.27	0.44	-0.94	0.19	-0.22	0.58	0.49	0.31	0.05	-0.04	0.1	0.15
Total Other Income Expense Net	-0.13	-0.19	-0.36	0.17	0.17	0.25	0.22	-0.14	0.4	0.01	0.04	0.19	0.27		0.28	-0.27	0.58	-0.27	0.38	-0.14	0.3	0.39	-0.06	-0.06	-0.45
Selling And Marketing Expenses	0.54	0.04	0.03	0.59	0.6	0.4	0.26	0.17	0.09	0.33	0.72	0.7	0.44	0.28		-0.34	0.16	-0.06	0.63	0.18	0.9	0.11	-0.07	-0.17	-0.28
Cost Of Revenue	-0.53	-0.18	-0.34	-0.48	-0.52	0.14	-0.76	-0.4	-0.4	-0.7	-0.54	-0.73	-0.94	-0.27	-0.34		-0.36	0.31	-0.48	-0.43	-0.15	-0.15	0.2	0.05	-0.07
Minority Interest	0.0	-0.5	-0.06	0.51	0.49	0.26	0.31	-0.2	0.56	0.06	-0.15	0.05	0.19	0.58	0.16	-0.36		-0.5	0.21	-0.24	-0.03	0.54	-0.42	-0.3	-0.57
Extraordinary Items	-0.03	0.08	0.41	-0.25	-0.25	-0.13	-0.26	0.61	-0.96	-0.15	-0.02	-0.11	-0.22	-0.27	-0.06	0.31	-0.5		0.02	0.62	0.1	-0.95	0.21	0.07	0.16
Discontinued Operations	0.28	-0.26	0.16	0.58	0.59	-0.09	0.58	0.45	0.15	0.42	0.48	0.64	0.58	0.38	0.63	-0.48	0.21	0.02		0.42	0.64	0.0	-0.43	-0.38	-0.43
Net Income From Continuing Ops	0.32	0.12	0.77	0.27	0.3	-0.25	0.56	0.99	-0.47	0.47	0.41	0.46	0.49	-0.14	0.18	-0.43	-0.24	0.62	0.42		0.11	-0.7	-0.03	0.0	0.21
Non Recurring	0.37	0.13	-0.12	0.35	0.36	0.37	0.05	0.09	-0.05	0.22	0.66	0.61	0.31	0.3	0.9	-0.15	-0.03	0.1	0.64	0.11		-0.02	0.03	-0.14	-0.24
Tax Provision	-0.1	-0.23	-0.53	0.25	0.23	0.24	0.15	-0.69	0.92	-0.08	-0.12	-0.04	0.05	0.39	0.11	-0.15	0.54	-0.95	0.0	-0.7	-0.02		-0.27	-0.22	-0.36
Net Interest Income	0.3	0.78	-0.01	-0.41	-0.39	0.38	-0.34	-0.1	-0.26	0.07	0.23	0.05	-0.04	-0.06	-0.07	0.2	-0.42	0.21	-0.43	-0.03	0.03	-0.27		0.88	0.72
Interest Income	0.29	0.72	0.06	-0.38	-0.35	0.12	-0.14	-0.03	-0.12	0.34	0.3	0.16	0.1	-0.06	-0.17	0.05	-0.3	0.07	-0.38	0.0	-0.14	-0.22	0.88		0.78
Reconciled Depreciation	0.26	0.89	0.26	-0.44	-0.39	-0.07	-0.08	0.13	-0.23	0.36	0.35	0.16	0.15	-0.45	-0.28	-0.07	-0.57	0.16	-0.43	0.21	-0.24	-0.36	0.72	0.78

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Citigroup Account Relationship Matchups

Citigroup income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	29.2B	14.5B	8.0B	25.7B	17.2B	20.7B
Operating Income	23.8B	14.0B	27.4B	44.2B	9.4B	13.9B
Ebit	23.8B	14.0B	27.4B	44.2B	4.8B	4.6B
Ebitda	27.7B	17.9B	31.4B	48.5B	9.4B	8.9B
Income Before Tax	23.9B	14.0B	27.5B	18.8B	12.9B	12.0B
Net Income	19.4B	11.0B	22.0B	14.8B	9.2B	8.6B
Income Tax Expense	4.4B	2.6B	5.5B	3.6B	3.5B	3.6B
Total Revenue	74.3B	74.3B	71.9B	75.3B	78.5B	64.2B
Gross Profit	40.9B	39.7B	33.0B	34.2B	33.4B	37.0B
Cost Of Revenue	33.4B	34.6B	38.9B	41.1B	45.1B	35.1B
Minority Interest	66M	40M	(73M)	(89M)	(153M)	(145.4M)
Extraordinary Items	(4M)	(20M)	7M	(231M)	(207.9M)	(218.3M)
Tax Provision	4.4B	2.6B	5.5B	3.6B	3.5B	6.1B
Net Interest Income	47.3B	43.5B	42.5B	48.7B	54.9B	51.2B
Interest Income	76.5B	58.1B	50.5B	74.4B	133.3B	78.3B

Pair Trading with Citigroup

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Citigroup position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Citigroup will appreciate offsetting losses from the drop in the long position's value.

Moving together with Citigroup Stock

0.87	CM	Canadian Imperial Bank Financial Report 23rd of May 2024	Pair Corr
0.78	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr
0.65	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

The ability to find closely correlated positions to Citigroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citigroup when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Citigroup - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Citigroup to buy it.

The correlation of Citigroup is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Citigroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citigroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Citigroup can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Citigroup offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Citigroup's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Citigroup Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Citigroup Stock:

How To Invest In Citigroup

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Is Citigroup Stock a good investment?

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What is Citigroup's Net Worth?

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Check out Citigroup Valuation and Citigroup Correlation analysis.

For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

Note that the Citigroup information on this page should be used as a complementary analysis to other Citigroup's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Citigroup's price analysis, check to measure Citigroup's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Citigroup is operating at the current time. Most of Citigroup's value examination focuses on studying past and present price action to predict the probability of Citigroup's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Citigroup's price. Additionally, you may evaluate how the addition of Citigroup to your portfolios can decrease your overall portfolio volatility.

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Is Citigroup's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Citigroup. If investors know Citigroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Citigroup listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.28)

Dividend Share

2.1

Earnings Share

3.43

Revenue Per Share

36.239

Quarterly Revenue Growth

(0.05)

The market value of Citigroup is measured differently than its book value, which is the value of Citigroup that is recorded on the company's balance sheet. Investors also form their own opinion of Citigroup's value that differs from its market value or its book value, called intrinsic value, which is Citigroup's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Citigroup's market value can be influenced by many factors that don't directly affect Citigroup's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Citigroup's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citigroup is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citigroup's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Citigroup Income Statement Research

Citigroup income statement Correlations

Citigroup Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Citigroup income statement Accounts

Pair Trading with Citigroup

Moving together with Citigroup Stock

Complementary Tools for Citigroup Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebitda	+ 1.0	Ebit
Net Income From Continuing Ops	+ 0.99	Net Income
Total Revenue	+ 0.94	Selling General Administrative
Tax Provision	+ 0.92	Income Tax Expense
Non Recurring	+ 0.9	Selling And Marketing Expenses
Reconciled Depreciation	+ 0.89	Other Operating Expenses

Extraordinary Items	- 0.96	Income Tax Expense
Tax Provision	- 0.95	Extraordinary Items
Cost Of Revenue	- 0.94	Gross Profit
Cost Of Revenue	- 0.76	Income Before Tax
Cost Of Revenue	- 0.73	Total Revenue
Tax Provision	- 0.7	Net Income From Continuing Ops