Citigroup (C) Earnings Q4 2010
View C Q4 Earnings Report
Highlights:
- Full-year 2010 net income of $10.6 billion, or $0.35 per share, compared to a net loss of $1.6 billion, or $0.80 per share, in 2009
- Fourth quarter 2010 net income totaled $1.3 billion, or $0.04 per share, compared to a net loss of $7.6 billion, or $0.33 per share, in Q4 2009
- Fourth consecutive profitable quarter
- Fourth quarter revenues of $18.4 billion and $86.6 billion for full-year 2010
- Tier 1 Common of $105 billion, Tier 1 Common Ratio of 10.7 percent
- Allowance for loan losses of $40.7 billion
- Citi Holdings Assets of $359 billion, down 26 percent from 2009
- Citicorp full-year revenues of $65.6 billion and net income of $14.9 billion; Citicorp generated 59 percent of its revenues and 76 percent of its net income from international operations
- Citigroup expenses were $47.4 billion, down $447 million from the previous year
Earnings estimates from TheStreet.com
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