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citigroup April 15, 2002 - First Quarter Financial Supplement
Citigroup reported financial results for the first quarter of 2002, with the following highlights: - Core income increased 5% compared to first quarter 2001 to $3.859 billion. Net income increased 37% to $4.843 billion, helped by a gain on sale of stock by a subsidiary. - Global Consumer segment saw increases in core income for Cards (2%), Consumer Finance (35%), and Retail Banking (29%) compared to first quarter 2001. - Capital ratios improved, with Tier 1 capital ratio at 9.13% versus 8.56% in first quarter 2001, reflecting Citigroup's overall financial strength. - Total assets were $1.057 trillion
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