5 Earnings Reports Grabbing Everyone’s Attention

1. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 97

Citigroup Inc. (NYSE:C), one of the largest U.S. banks with operations in over 100 countries, recently posted its first-quarter profit and revenue above expectations. The better-than-expected results sent its shares up 1.56 percent on Thursday, April 14, 2022.

The New York-based bank reported earnings of $2.02 per share, compared to $3.62 per share in the year-ago period but above expectations of $1.55 per share. In addition, Citigroup Inc. (NYSE:C) posted revenue of $19.2 billion, down 2 percent on a year-over-year basis. However, it was above analysts’ average estimate of $18.15 billion.

Citigroup Inc. (NYSE:C) also released its segment-wise sales results. Revenue from its institutional clients group slipped 2 percent to $11.16 billion, while investment banking revenue plummeted 32 percent to $1.7 billion in the quarter. In comparison, revenue from its personal banking and wealth management segment inched down 1 percent to $5.91 billion.

You can also take a peek at 10 Best Micro-Cap Stocks to Buy According to Hedge Funds and 10 Undervalued Dividend Kings To Buy In 2022.

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