This document provides a summary of changes to Citigroup's reformatted quarterly financial data supplement. Key changes include:
- Segment and regional net income breakdowns are provided, with new segments and regional definitions. Discontinued operations now includes CitiCapital.
- Financial data is presented by business segment and region, including Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management.
- Regional net income is shown for North America, EMEA, Latin America, and Asia, with Securities and Banking and Transaction Services presented under Institutional Clients Group.
CIT Group reported a net loss of $257 million for Q1 2008. Key actions to improve liquidity included agreeing to sell $4.6 billion in loans and commitments, $770 million in aircraft, and identifying $2 billion more in assets to finance or sell. Commercial businesses earned $0.82 per share excluding notable items, while losses from home lending and consumer segments and charges drove the overall loss. The company strengthened credit loss reserves and reduced the quarterly dividend to $0.10 per share.
CIT Group reported second quarter results with income from continuing operations of $48.1 million, down from $352.1 million in the prior year quarter. They recorded a net loss of $2.1 billion including a $2.1 billion loss from discontinued home lending operations. CIT made progress strengthening its balance sheet by raising $1.6 billion in capital and selling its home lending business. Credit quality in commercial operations declined slightly with higher delinquencies but lower net charge-offs.
The document provides an overview of Bank of America's Global Business & Financial Services division. It summarizes several key business lines including Middle Market Banking, Business Banking, Commercial Real Estate Banking, and others. For each business line, it provides revenue, net income, loans, deposits and other metrics for 2004. It also outlines the division's integrated operating model and global footprint.
CIT Group reported a loss of $1.30 per share for the first quarter of 2009, with results impacted by high credit costs including loan loss reserves, and margin compression from tight credit markets. CIT made progress transferring assets into CIT Bank and raising over $700 million in deposits, while estimated capital ratios were 9.3% for Tier 1 and 13.0% for Total Capital. New business volume was $2.4 billion for the quarter, down from prior periods, reflecting weak market conditions. Credit quality deteriorated, with non-accrual loans up and net charge-offs increased to 2.78% of average loans. Expenses declined from prior periods due to restructuring.
Huntington Bancshares reported a net loss of $2.4 billion for Q1 2009 due to a non-cash $2.6 billion goodwill impairment charge that had no impact on capital ratios. Excluding this charge, core net income was $6.9 million. Deposit growth was strong at 9% and problem loans are expected to remain elevated. Actions to improve liquidity and capital included debt repayments, balance sheet reductions, and dividend cuts. The tangible common equity ratio increased 61 basis points to 4.65%.
JPMorgan Chase First Quarter 2008 Financial Results Conference Call finance2
JPMorgan Chase reported net income of $2.4 billion for the first quarter of 2008, down 49% from $4.8 billion in the first quarter of 2007. Earnings per share were $0.68, down from $1.34 the previous year. The Investment Bank saw declines in revenue and increases in credit losses. Retail Financial Services increased revenue but also significantly increased its provision for credit losses due to deterioration in home equity and subprime portfolios. JPMorgan Chase maintained a strong capital position despite challenges in the market and credit environment.
JPMorgan Chase Second Quarter 2008 Financial Results Conference Callfinance2
JPMorgan Chase reported net income of $2.0 billion for Q2 2008, down 55% from the prior year. Earnings per share were $0.54. While several businesses saw growth, losses increased significantly in the mortgage and credit card portfolios, and markdowns were taken on leveraged loans and mortgage-related positions. The firm also completed its acquisition of Bear Stearns during the quarter.
JPMorgan Chase reported first quarter 2009 net income of $2.1 billion, down from $2.4 billion in the first quarter of 2008. Revenue was a record $26.9 billion driven by strong performance in the Investment Bank. The Investment Bank generated record revenue and net income due to #1 rankings in debt and equity underwriting. Retail Financial Services income was $474 million, improved from a loss the prior year, due to the Washington Mutual acquisition partially offset by higher credit costs. Credit costs increased across portfolios as housing prices declined and delinquencies rose. The company remains well capitalized with a Tier 1 capital ratio of 11.3% and loan loss reserves of $28 billion to withstand
CIT Group reported a net loss of $257 million for Q1 2008. Key actions to improve liquidity included agreeing to sell $4.6 billion in loans and commitments, $770 million in aircraft, and identifying $2 billion more in assets to finance or sell. Commercial businesses earned $0.82 per share excluding notable items, while losses from home lending and consumer segments and charges drove the overall loss. The company strengthened credit loss reserves and reduced the quarterly dividend to $0.10 per share.
CIT Group reported second quarter results with income from continuing operations of $48.1 million, down from $352.1 million in the prior year quarter. They recorded a net loss of $2.1 billion including a $2.1 billion loss from discontinued home lending operations. CIT made progress strengthening its balance sheet by raising $1.6 billion in capital and selling its home lending business. Credit quality in commercial operations declined slightly with higher delinquencies but lower net charge-offs.
The document provides an overview of Bank of America's Global Business & Financial Services division. It summarizes several key business lines including Middle Market Banking, Business Banking, Commercial Real Estate Banking, and others. For each business line, it provides revenue, net income, loans, deposits and other metrics for 2004. It also outlines the division's integrated operating model and global footprint.
CIT Group reported a loss of $1.30 per share for the first quarter of 2009, with results impacted by high credit costs including loan loss reserves, and margin compression from tight credit markets. CIT made progress transferring assets into CIT Bank and raising over $700 million in deposits, while estimated capital ratios were 9.3% for Tier 1 and 13.0% for Total Capital. New business volume was $2.4 billion for the quarter, down from prior periods, reflecting weak market conditions. Credit quality deteriorated, with non-accrual loans up and net charge-offs increased to 2.78% of average loans. Expenses declined from prior periods due to restructuring.
Huntington Bancshares reported a net loss of $2.4 billion for Q1 2009 due to a non-cash $2.6 billion goodwill impairment charge that had no impact on capital ratios. Excluding this charge, core net income was $6.9 million. Deposit growth was strong at 9% and problem loans are expected to remain elevated. Actions to improve liquidity and capital included debt repayments, balance sheet reductions, and dividend cuts. The tangible common equity ratio increased 61 basis points to 4.65%.
JPMorgan Chase First Quarter 2008 Financial Results Conference Call finance2
JPMorgan Chase reported net income of $2.4 billion for the first quarter of 2008, down 49% from $4.8 billion in the first quarter of 2007. Earnings per share were $0.68, down from $1.34 the previous year. The Investment Bank saw declines in revenue and increases in credit losses. Retail Financial Services increased revenue but also significantly increased its provision for credit losses due to deterioration in home equity and subprime portfolios. JPMorgan Chase maintained a strong capital position despite challenges in the market and credit environment.
JPMorgan Chase Second Quarter 2008 Financial Results Conference Callfinance2
JPMorgan Chase reported net income of $2.0 billion for Q2 2008, down 55% from the prior year. Earnings per share were $0.54. While several businesses saw growth, losses increased significantly in the mortgage and credit card portfolios, and markdowns were taken on leveraged loans and mortgage-related positions. The firm also completed its acquisition of Bear Stearns during the quarter.
JPMorgan Chase reported first quarter 2009 net income of $2.1 billion, down from $2.4 billion in the first quarter of 2008. Revenue was a record $26.9 billion driven by strong performance in the Investment Bank. The Investment Bank generated record revenue and net income due to #1 rankings in debt and equity underwriting. Retail Financial Services income was $474 million, improved from a loss the prior year, due to the Washington Mutual acquisition partially offset by higher credit costs. Credit costs increased across portfolios as housing prices declined and delinquencies rose. The company remains well capitalized with a Tier 1 capital ratio of 11.3% and loan loss reserves of $28 billion to withstand
Merrill Lynch reported a net loss of $1.97 billion for Q1 2008 compared to net earnings of $2.03 billion in Q1 2007. Revenues fell 69% to $2.9 billion due to write-downs related to US ABS CDOs and credit valuation adjustments on hedges with financial guarantors. However, Global Wealth Management saw record quarterly revenues with strong fee income and $9 billion in annuity inflows. While investment banking revenues fell 40% due to lower deal volumes, the business pipeline was only down 5% overall from year-end levels.
Citigroup reported first quarter 2022 core income of $3.86 billion, up 5% from the first quarter of 2021. However, core income included an $816 million pre-tax charge related to economic conditions in Argentina. Revenue for the quarter increased 5% to $22 billion. Net income, including a $1.06 billion gain from the Travelers IPO, was $4.84 billion, up 37% from the prior year. The CEO commented that core businesses delivered strong results despite difficult economic conditions and charges related to Argentina. Key highlights included strong performance in global consumer businesses and the investment bank.
CIT Group reported a loss from continuing operations of $301.6 million for Q3 2008, driven by goodwill and intangible impairment charges related to its Vendor Finance segment. It continued progress on liquidity initiatives by refinancing debt, growing deposits, and limiting asset growth. Credit reserves were increased due to weakening economic conditions and higher non-performing assets, while operating expenses were reduced.
Ian R. Stuart - Career History, Accomplishments, LeadershipIanRStuart
The document provides a summary of the candidate's career history and credentials. Some key points:
1) The candidate has over 30 years of experience in senior finance roles including CFO positions at large insurance and banking companies.
2) Their experience spans industries including insurance, banking, healthcare, and startups. They have a strong background in insurance.
3) Throughout their career, they have created value by improving profitability, growing revenue, managing risks, and executing M&A transactions.
4) Examples highlighted include turning around a life insurance business and improving performance at various banks and companies.
Morgan Stanley reported financial results for the third quarter of 2008. Net revenues were $8.0 billion, a 1% increase from the third quarter of 2007. Earnings per share were $1.32. Business lines like commodities, foreign exchange and equity trading performed strongly, with record results in prime brokerage. However, mortgage trading incurred losses of $640 million. Overall, the company saw solid performance despite challenging market conditions.
- CIT reported increased net income of $136.9 million or $0.65 per share for Q2 2003, up from $127 million or $0.60 per share in Q1 2003. Return on tangible equity increased to 11.6%.
- Key metrics improved including credit quality, net finance margin, cost of funds, and repayment of outstanding bank lines. Origination volume excluding factoring was up 12% from last quarter.
- 60+ day delinquency and non-performing assets declined from last quarter across most business units. Total charge-offs were $108.4 million compared to $114.3 million in Q1 2003.
- Each business segment reported increased or stable
CIT Group Inc. reported strong fourth quarter and full year 2005 results, with diluted EPS up 27% and 27% respectively from the prior year. Key highlights included record new business volume up 37% over prior year, stable margins, strong credit metrics, and a positive outlook for 2006 with EPS guidance of $4.75-$4.85. Managed assets reached $62.9 billion, up from $53.5 billion the prior year. Credit quality remained stable with net charge-offs of 0.91% and non-performing assets at 1.18% of finance receivables.
In the 13th hour, Congress avoided the “fiscal cliff” by passing the American Taxpayer Relief Act. This legislation preserved most of the George W. Bush-era tax cuts and carved out some new rules as well. This presentation will provide context around the passage of the American Taxpayer Relief Act and will summarize its provisions, with an emphasis on the impact of this major legislation to retirement plans. Additionally, remaining economic headwinds that prevail in the United States will be examined.
1) CIT Group reported net income of $127.0 million or $0.60 diluted earnings per share for Q1 2003, down from $141.3 million or $0.67 EPS in the previous quarter.
2) Key credit quality metrics such as delinquencies and non-performing assets declined sequentially for the second quarter in a row.
3) Charge-offs decreased over 25% from the prior quarter to $114.3 million, driven by reductions in most business segments.
Federated Investors reported financial results for Q1 2009 with the following key details:
- Total managed assets reached a record high of $409.2 billion as of March 31, 2009.
- Net bond fund sales topped $1 billion for the first quarter of 2009, marking the best quarter for net fixed-income sales in over five years.
- Earnings per share were $0.34 for Q1 2009 compared to $0.54 in Q1 2008, with net income of $35.1 million compared to $55.8 million previously.
This monthly newsletter provides an overview of mutual fund industry vital signs (asset growth, sales and performance), product development highlights for the month and interesting facts about our industry.
AIG First Quarter 2008 Conference Call Credit Presentationfinance2
This document provides an outline and summary of AIG Financial Products' (AIGFP) quarterly financial results presentation for the quarter ended March 31, 2008. The presentation discusses AIGFP's super senior credit default swap portfolio, including portfolio composition, risk assessment, accounting practices, and conclusions. It provides statistics on AIGFP's super senior credit derivative exposures and details their underwriting process for regulatory capital transactions, focusing on due diligence of counterparties' underwriting standards and loan pools.
Sterling Bancorp reported financial results for full year and fourth quarter 2009. Net income for 2009 was $9.4 million, down from $16 million in 2008, due to a higher provision for loan losses and increased expenses, which offset higher net interest income and noninterest income. For the fourth quarter, net income was $2.6 million, down from $4 million a year ago. Sterling's pre-tax, pre-provision income rose 26% for the full year and 29% for the fourth quarter, driven by loan and deposit growth, increased noninterest income, and expense management. Credit quality improved as nonaccrual loans decreased in the third and fourth quarters.
This document summarizes Ameriprise Financial's fourth quarter and full year 2007 financial results. Net income for Q4 2007 increased 49% to $255 million compared to Q4 2006. Adjusted earnings for Q4 2007, which exclude separation costs, increased 9% to $274 million. For the full year, net income grew 29% to $814 million and adjusted earnings increased 12% to $968 million. Management fees and financial advice fees grew 25% in Q4 2007, while net revenues increased 8%. The company saw solid growth across its business segments.
Morgan Stanley Dean Witter reported record quarterly operating results for Q2 1999, with net income up 35% to $1.15 billion and diluted EPS up 42% to $1.95 per share. Net revenues increased 23% to $5.7 billion, driven by strong performances across institutional securities, investment banking, and private client businesses. The company also saw improved credit quality and higher transaction volume in its credit services segment. Overall, Morgan Stanley Dean Witter had another very successful quarter with significant revenue and earnings growth across all business lines.
eBay reported record quarterly financial results for Q4 2002, with net revenues of $413.9 million, a 122% increase in transaction revenues, and GAAP and pro forma diluted EPS of $0.28. The company also raised its guidance for 2003, expecting net revenues of up to $1.9 billion and pro forma EPS of up to $1.27. Key metrics like active users and gross merchandise sales also reached record highs. Meg Whitman, eBay's President and CEO, attributed the strong results to the success of eBay's community and commitment to business excellence.
The document provides a summary of Citigroup's earnings for the first quarter of 2008. Key points include:
- Net income declined significantly to a $5.1 billion loss compared to a $5 billion profit in Q1 2007.
- Major losses were driven by write-downs on subprime exposures, consumer credit losses, and losses on leveraged finance commitments.
- Revenues declined 48% year-over-year due to losses in fixed income markets and the consumer segment.
- Expenses increased 4% year-over-year due to repositioning charges despite cost cutting efforts.
- eBay reported record Q3 2007 revenues of $1.89 billion, up 30% year-over-year, but had a GAAP operating loss of $938 million and net loss of $936 million due to a goodwill impairment charge related to Skype. Non-GAAP operating income was $593 million, up 28% year-over-year.
- Marketplaces revenues were $1.32 billion, up 26% year-over-year, while listings fell 5% and GMV rose 14%. PayPal revenues rose 35% to $470 million and TPV grew 34%. Skype revenues rose 96% to $98 million.
- For Q4, eBay expects revenues of $2
Citigroup reported financial results for the third quarter of 2007. Net income was $2.2 billion, down 60% from the third quarter of 2006. Total assets reached $2.36 trillion at the end of the quarter, up 35% year-over-year. However, key capital ratios such as Tier 1 capital and leverage declined compared to the prior year. Earnings per share from continuing operations were $0.44, down 58% from the previous year. While several business segments saw revenue declines, Global Consumer revenues remained strong, particularly in U.S. Cards.
citigroup August 5, 2008 - Re-Mapping of Press Release Disclosed Items Explan...QuarterlyEarningsReports
The document discusses the Indian economy and banking sector from the perspective of a banker. It notes that India has one of the fastest growing economies in the world, fueled by consumption. The banking sector is robust and resilient, with strong regulations and institutions. Indian banks are well capitalized and have low non-performing assets. They are major financiers of India's economic growth.
eBay reported record financial results for the first quarter of 2005, with net revenues of $1.032 billion (up 36% year-over-year). Key metrics like registered users, listings, and gross merchandise volume also grew substantially compared to the prior year. The company exceeded guidance for the quarter. Based on the strong results, eBay raised its financial guidance for 2005, expecting full-year net revenues between $4.27 and $4.36 billion.
- Citigroup reported a net loss of $2.5 billion in 2Q08, compared to net income of $6.2 billion in 2Q07, as revenues declined 29% while credit costs rose.
- Total revenues were $18.7 billion in 2Q08, down 29% from 2Q07, as non-interest revenues fell 71% due to losses in principal transactions and lower commissions and fees.
- Provisions for credit losses and benefits and claims increased to $7.2 billion in 2Q08 from $2.7 billion in 2Q07, driven by higher loan loss provisions.
- All business segments except Latin America reported lower net income, with Global Cards down
Merrill Lynch reported a net loss of $1.97 billion for Q1 2008 compared to net earnings of $2.03 billion in Q1 2007. Revenues fell 69% to $2.9 billion due to write-downs related to US ABS CDOs and credit valuation adjustments on hedges with financial guarantors. However, Global Wealth Management saw record quarterly revenues with strong fee income and $9 billion in annuity inflows. While investment banking revenues fell 40% due to lower deal volumes, the business pipeline was only down 5% overall from year-end levels.
Citigroup reported first quarter 2022 core income of $3.86 billion, up 5% from the first quarter of 2021. However, core income included an $816 million pre-tax charge related to economic conditions in Argentina. Revenue for the quarter increased 5% to $22 billion. Net income, including a $1.06 billion gain from the Travelers IPO, was $4.84 billion, up 37% from the prior year. The CEO commented that core businesses delivered strong results despite difficult economic conditions and charges related to Argentina. Key highlights included strong performance in global consumer businesses and the investment bank.
CIT Group reported a loss from continuing operations of $301.6 million for Q3 2008, driven by goodwill and intangible impairment charges related to its Vendor Finance segment. It continued progress on liquidity initiatives by refinancing debt, growing deposits, and limiting asset growth. Credit reserves were increased due to weakening economic conditions and higher non-performing assets, while operating expenses were reduced.
Ian R. Stuart - Career History, Accomplishments, LeadershipIanRStuart
The document provides a summary of the candidate's career history and credentials. Some key points:
1) The candidate has over 30 years of experience in senior finance roles including CFO positions at large insurance and banking companies.
2) Their experience spans industries including insurance, banking, healthcare, and startups. They have a strong background in insurance.
3) Throughout their career, they have created value by improving profitability, growing revenue, managing risks, and executing M&A transactions.
4) Examples highlighted include turning around a life insurance business and improving performance at various banks and companies.
Morgan Stanley reported financial results for the third quarter of 2008. Net revenues were $8.0 billion, a 1% increase from the third quarter of 2007. Earnings per share were $1.32. Business lines like commodities, foreign exchange and equity trading performed strongly, with record results in prime brokerage. However, mortgage trading incurred losses of $640 million. Overall, the company saw solid performance despite challenging market conditions.
- CIT reported increased net income of $136.9 million or $0.65 per share for Q2 2003, up from $127 million or $0.60 per share in Q1 2003. Return on tangible equity increased to 11.6%.
- Key metrics improved including credit quality, net finance margin, cost of funds, and repayment of outstanding bank lines. Origination volume excluding factoring was up 12% from last quarter.
- 60+ day delinquency and non-performing assets declined from last quarter across most business units. Total charge-offs were $108.4 million compared to $114.3 million in Q1 2003.
- Each business segment reported increased or stable
CIT Group Inc. reported strong fourth quarter and full year 2005 results, with diluted EPS up 27% and 27% respectively from the prior year. Key highlights included record new business volume up 37% over prior year, stable margins, strong credit metrics, and a positive outlook for 2006 with EPS guidance of $4.75-$4.85. Managed assets reached $62.9 billion, up from $53.5 billion the prior year. Credit quality remained stable with net charge-offs of 0.91% and non-performing assets at 1.18% of finance receivables.
In the 13th hour, Congress avoided the “fiscal cliff” by passing the American Taxpayer Relief Act. This legislation preserved most of the George W. Bush-era tax cuts and carved out some new rules as well. This presentation will provide context around the passage of the American Taxpayer Relief Act and will summarize its provisions, with an emphasis on the impact of this major legislation to retirement plans. Additionally, remaining economic headwinds that prevail in the United States will be examined.
1) CIT Group reported net income of $127.0 million or $0.60 diluted earnings per share for Q1 2003, down from $141.3 million or $0.67 EPS in the previous quarter.
2) Key credit quality metrics such as delinquencies and non-performing assets declined sequentially for the second quarter in a row.
3) Charge-offs decreased over 25% from the prior quarter to $114.3 million, driven by reductions in most business segments.
Federated Investors reported financial results for Q1 2009 with the following key details:
- Total managed assets reached a record high of $409.2 billion as of March 31, 2009.
- Net bond fund sales topped $1 billion for the first quarter of 2009, marking the best quarter for net fixed-income sales in over five years.
- Earnings per share were $0.34 for Q1 2009 compared to $0.54 in Q1 2008, with net income of $35.1 million compared to $55.8 million previously.
This monthly newsletter provides an overview of mutual fund industry vital signs (asset growth, sales and performance), product development highlights for the month and interesting facts about our industry.
AIG First Quarter 2008 Conference Call Credit Presentationfinance2
This document provides an outline and summary of AIG Financial Products' (AIGFP) quarterly financial results presentation for the quarter ended March 31, 2008. The presentation discusses AIGFP's super senior credit default swap portfolio, including portfolio composition, risk assessment, accounting practices, and conclusions. It provides statistics on AIGFP's super senior credit derivative exposures and details their underwriting process for regulatory capital transactions, focusing on due diligence of counterparties' underwriting standards and loan pools.
Sterling Bancorp reported financial results for full year and fourth quarter 2009. Net income for 2009 was $9.4 million, down from $16 million in 2008, due to a higher provision for loan losses and increased expenses, which offset higher net interest income and noninterest income. For the fourth quarter, net income was $2.6 million, down from $4 million a year ago. Sterling's pre-tax, pre-provision income rose 26% for the full year and 29% for the fourth quarter, driven by loan and deposit growth, increased noninterest income, and expense management. Credit quality improved as nonaccrual loans decreased in the third and fourth quarters.
This document summarizes Ameriprise Financial's fourth quarter and full year 2007 financial results. Net income for Q4 2007 increased 49% to $255 million compared to Q4 2006. Adjusted earnings for Q4 2007, which exclude separation costs, increased 9% to $274 million. For the full year, net income grew 29% to $814 million and adjusted earnings increased 12% to $968 million. Management fees and financial advice fees grew 25% in Q4 2007, while net revenues increased 8%. The company saw solid growth across its business segments.
Morgan Stanley Dean Witter reported record quarterly operating results for Q2 1999, with net income up 35% to $1.15 billion and diluted EPS up 42% to $1.95 per share. Net revenues increased 23% to $5.7 billion, driven by strong performances across institutional securities, investment banking, and private client businesses. The company also saw improved credit quality and higher transaction volume in its credit services segment. Overall, Morgan Stanley Dean Witter had another very successful quarter with significant revenue and earnings growth across all business lines.
eBay reported record quarterly financial results for Q4 2002, with net revenues of $413.9 million, a 122% increase in transaction revenues, and GAAP and pro forma diluted EPS of $0.28. The company also raised its guidance for 2003, expecting net revenues of up to $1.9 billion and pro forma EPS of up to $1.27. Key metrics like active users and gross merchandise sales also reached record highs. Meg Whitman, eBay's President and CEO, attributed the strong results to the success of eBay's community and commitment to business excellence.
The document provides a summary of Citigroup's earnings for the first quarter of 2008. Key points include:
- Net income declined significantly to a $5.1 billion loss compared to a $5 billion profit in Q1 2007.
- Major losses were driven by write-downs on subprime exposures, consumer credit losses, and losses on leveraged finance commitments.
- Revenues declined 48% year-over-year due to losses in fixed income markets and the consumer segment.
- Expenses increased 4% year-over-year due to repositioning charges despite cost cutting efforts.
- eBay reported record Q3 2007 revenues of $1.89 billion, up 30% year-over-year, but had a GAAP operating loss of $938 million and net loss of $936 million due to a goodwill impairment charge related to Skype. Non-GAAP operating income was $593 million, up 28% year-over-year.
- Marketplaces revenues were $1.32 billion, up 26% year-over-year, while listings fell 5% and GMV rose 14%. PayPal revenues rose 35% to $470 million and TPV grew 34%. Skype revenues rose 96% to $98 million.
- For Q4, eBay expects revenues of $2
Citigroup reported financial results for the third quarter of 2007. Net income was $2.2 billion, down 60% from the third quarter of 2006. Total assets reached $2.36 trillion at the end of the quarter, up 35% year-over-year. However, key capital ratios such as Tier 1 capital and leverage declined compared to the prior year. Earnings per share from continuing operations were $0.44, down 58% from the previous year. While several business segments saw revenue declines, Global Consumer revenues remained strong, particularly in U.S. Cards.
citigroup August 5, 2008 - Re-Mapping of Press Release Disclosed Items Explan...QuarterlyEarningsReports
The document discusses the Indian economy and banking sector from the perspective of a banker. It notes that India has one of the fastest growing economies in the world, fueled by consumption. The banking sector is robust and resilient, with strong regulations and institutions. Indian banks are well capitalized and have low non-performing assets. They are major financiers of India's economic growth.
eBay reported record financial results for the first quarter of 2005, with net revenues of $1.032 billion (up 36% year-over-year). Key metrics like registered users, listings, and gross merchandise volume also grew substantially compared to the prior year. The company exceeded guidance for the quarter. Based on the strong results, eBay raised its financial guidance for 2005, expecting full-year net revenues between $4.27 and $4.36 billion.
- Citigroup reported a net loss of $2.5 billion in 2Q08, compared to net income of $6.2 billion in 2Q07, as revenues declined 29% while credit costs rose.
- Total revenues were $18.7 billion in 2Q08, down 29% from 2Q07, as non-interest revenues fell 71% due to losses in principal transactions and lower commissions and fees.
- Provisions for credit losses and benefits and claims increased to $7.2 billion in 2Q08 from $2.7 billion in 2Q07, driven by higher loan loss provisions.
- All business segments except Latin America reported lower net income, with Global Cards down
- eBay reported record quarterly net revenues of $219.4 million, a 64% increase over the previous year, and record pro forma EPS of $0.14.
- For the full year, eBay generated net revenues of $748.8 million, a 74% increase, and pro forma EPS of $0.49, representing 133% growth over the previous year.
- eBay exceeded expectations for the quarter with strong holiday sales, international growth, contributions from eBay Motors and Payments, and third party advertising revenues.
This document describes the development of a visual research package to help designers understand users' emotional and social responses to designed objects. The package is based on free sorting and multidimensional scaling techniques to group user responses. It aims to present information visually and allow users to manipulate displays. Designers provided feedback that they found the visual presentations useful. The package combines grouping, semantic differential, and preference methods into flexible software to efficiently collect and analyze user data globally to support the design process. An evaluation of the completed package's usefulness for design companies is planned.
Google reported strong revenue growth in Q1 2007, with revenue up 63% year-over-year and 14% quarter-over-quarter. International markets contributed significantly to revenue growth. Non-GAAP net income was $1.16 billion, up 16% from the previous quarter. Google continued to invest in infrastructure and employees while maintaining operating margins over 38%.
This document is an introduction to the Ruby programming language presented by Premshree Pillai. The presentation provides an overview of Ruby's history and features, compares it to Perl and Python, and demonstrates Ruby syntax through examples. It also provides resources for learning more about Ruby. The presentation aims to interest attendees in Ruby and help them get started with the language.
This document is Google's Form 10-Q filing with the SEC for the quarterly period ended September 30, 2005. It includes Google's condensed consolidated balance sheets as of December 31, 2004 and September 30, 2005, as well as condensed consolidated statements of income for the three and nine month periods ended September 30, 2004 and 2005. It also includes notes to the unaudited condensed consolidated financial statements and sections on management's discussion and analysis of financial condition and results of operations, quantitative and qualitative disclosures about market risk, and controls and procedures.
- eBay reported record financial results for Q1 2004 with net revenues of $756.2 million, up 59% year-over-year. GAAP diluted EPS was $0.30 and pro forma diluted EPS was $0.31, exceeding guidance.
- Key metrics like registered users, listings, GMS and payments volume all reached record highs. International and payments revenues grew the most at 87% and 67% respectively.
- Based on the strong Q1 results, eBay raised its full year 2004 guidance for net revenues to as high as $3.15 billion and GAAP/pro forma EPS to $1.06/$1.13, increases of $150 million and $0.07-$
eBay reported strong financial results for Q4 2007 and full year 2007, with revenue increasing 27% and 29% respectively. Revenue grew across all business units, especially PayPal, StubHub, Skype, classifieds and advertising. For Q4, net income increased 53% to $531 million and operating margin increased. For the full year, net income was $348 million. eBay provided a positive outlook for 2008 and announced a $2 billion stock repurchase program.
This document discusses regulations on insider trading in the United States and Turkey and proposes adopting additional regulations in Turkey. It defines insider trading and outlines who can be considered insiders. It describes the key US regulations including Section 16 of the 1934 Exchange Act, SEC Rule 10b-5 which established the classical and misappropriation theories of insider trading liability, and Rule 14e-3 related to tender offers. It compares investigations, regulations, and enforcement between the two countries and notes Turkey has fewer specific regulations and enforcement actions compared to more comprehensive US regulations. It proposes considering how famous US insider trading cases may have been handled in Turkey.
This document is a news release from Ameriprise Financial reporting their fourth quarter and full year 2008 financial results. Some key points:
1) Ameriprise reported a net loss of $369 million for Q4 2008 due to losses from investments and charges related to declining markets, compared to net income of $255 million in Q4 2007.
2) Excluding one-time impacts, core operating earnings were $176 million for Q4 2008, down from $262 million in the prior year period.
3) For the full year, Ameriprise reported a net loss of $38 million compared to net income of $814 million in 2007, while core operating earnings declined modestly.
3
The document provides answers to 19 questions about ConAgra Foods' financial performance in Q1 FY09. Some key details include: brands in Consumer Foods that saw sales growth/declines; unit volume was flat for Consumer Foods; total depreciation was $76M; capital expenditures were $106M; net interest expense was $50M; corporate expense was $97M; dividends paid were $92M; diluted shares outstanding were 470M; gross/operating margins were 20%/10%; net debt was $3.09B; net debt to capital ratio was 39%; effective tax rate was 38%; projected capex for FY09 were $475M; expected net interest expense
- Ameriprise Financial reported financial results for Q1 2008 with net income of $191 million, up 16% from $165 million in Q1 2007. Earnings per share increased 21% to $0.82.
- Revenues increased 3% to $2.1 billion due to 10% growth in management fees, partially offset by lower investment income. Expenses rose 10% due to higher benefits costs from variable annuities.
- The company repurchased $270 million of stock in Q1 2008 and authorized an additional $1.5 billion repurchase program over the next two years. Challenging markets negatively impacted results but the company maintained a strong balance sheet.
Citigroup reported fourth quarter net income of $6.93 billion and EPS of $1.37. Income from continuing operations was $4.97 billion with EPS of $0.98. Revenues were $20.78 billion. Strong customer volume growth drove double digit revenue increases in several areas. However, a challenging interest rate environment and competitive pricing partially offset this. The company continued expanding its distribution network globally.
This document provides financial information for JPMorgan Chase & Co. for the first quarter of 2008, including:
- Net income decreased 20% from the previous quarter to $2.37 billion, due to higher credit costs and lower investment banking fees.
- Total assets grew 5% to $1.64 trillion from the end of 2007, driven by increases in deposits and wholesale loans.
- Net interest income rose 6% from the previous quarter to $7.66 billion, helped by higher interest rates, while noninterest revenue declined 9%.
- The provision for credit losses increased 74% from the previous quarter to $4.42 billion, reflecting deterioration in the credit environment.
Citi reported revenues of $24.8 billion for the first quarter of 2009, nearly double the prior year period. Net income was $1.6 billion. Results were driven by strong performance in institutional banking, though offset by higher credit costs. Credit costs totaled $10.3 billion, up 76% due to increased net credit losses and loan loss reserves. The CEO commented that clients remained engaged with Citi and that the company would continue reducing legacy risks and improving efficiency.
Citi reported a $9.83 billion net loss for Q4 2007, driven by $18.1 billion in write-downs on subprime exposures and a $4.1 billion increase in credit costs for US consumer loans. For the full year, Citi earned $3.62 billion in net income on $81.7 billion in revenues. While most business segments saw strong revenue growth, losses were concentrated in fixed income markets and US consumer lending due to deteriorating credit quality. Citi outlined steps to strengthen its capital position and improve risk management in response to the poor results.
Citigroup reported a 60% decline in third quarter net income to $2.21 billion compared to the prior year. Revenues increased 5% to $22.4 billion driven by 29% growth in international revenues, however this was more than offset by a $2.98 billion increase in credit costs. The revenue growth was primarily due to strong international consumer and wealth management results, while fixed income revenues declined significantly due to losses related to dislocations in the mortgage-backed securities and credit markets. Higher credit costs were the primary driver of the net income decline.
Ameriprise Financial reported second quarter 2008 results, with net income increasing 7% year-over-year to $210 million. Earnings per share increased 15% to $0.93. Excluding realized losses and prior year separation costs, earnings per share increased 3% to $1.01. Total revenues declined 8% to $2.0 billion due to market depreciation. The company maintained a strong capital position and increased its quarterly dividend by 13%.
CIT Group reported a net loss of $257 million for Q1 2008. Key actions to improve liquidity included agreeing to sell $4.6 billion in loans and $770 million in aircraft, and identifying an additional $2 billion in assets to be financed or sold. Commercial businesses earned $0.82 per share excluding notable items, while losses from home lending and consumer segments drove the overall loss. The company declared a reduced quarterly dividend of $0.10 per share.
Citigroup reported financial results for the first quarter of 2007, with the following highlights:
- Net income decreased 11% to $5.012 billion compared to $5.639 billion in the first quarter of 2006.
- Revenues increased 15% to $25.459 billion from $22.183 billion, driven by growth in Markets & Banking and Global Consumer segments.
- Markets & Banking revenues increased 23% to $8.957 billion, while Global Consumer revenues grew 10% to $13.106 billion.
- Results were impacted by a $871 million after-tax restructuring charge related to expense reduction initiatives.
1) CSC reported lower revenue and a net loss for the quarter due to a large restructuring charge, but revenue from U.S. federal government activities grew strongly and operations in Australia and Asia also saw strong growth.
2) While commercial revenue declined in the U.S. and Europe, the company's federal opportunities pipeline remains large at $36 billion over the next 20 months.
3) The restructuring program aimed at streamlining operations is proceeding as planned and is expected to improve future cash flow and earnings.
Citi reported record quarterly revenues of $25.5 billion, up 15%, and net income of $5.01 billion, down 10% from the prior year. Net income was reduced by an $871 million after-tax charge related to a structural expense review. Excluding this charge, net income was $5.88 billion, down 9% due to higher credit costs and a lower tax benefit. Revenues grew across most business segments, led by a 23% increase in Markets & Banking revenues. Credit costs increased $1.26 billion due to higher net losses and increases to loan loss reserves.
Uni-Asia Finance Corporation reported financial results for the third quarter of FY2012. Total income increased 48% to $21.6 million compared to the same period last year, driven by growth across all business segments. Net profit was $2.1 million, up significantly from a loss last year. For the nine months, total income grew 57% to $59.6 million and net profit was $3.8 million, reversing last year's loss. The balance sheet remains healthy with a slight increase in net assets. Going forward, management expects continued earnings growth as business conditions improve across shipping, hotels, and investment management.
Computer Sciences Corporation (CSC) reported its second quarter fiscal 2006 results including: revenue of $3.57 billion, up 5.3% from the previous year; net income of $99.5 million including a $33.1 million non-cash impairment charge; and new contract awards of $2.5 billion. Revenue growth was driven by increased commercial and U.S. federal government business. Significant new contracts were won with Banca Intesa, Centers for Medicare and Medicaid Services, and General Dynamics. CSC's pipeline for U.S. federal opportunities over the next 17 months is approximately $30 billion.
The Progressive Corporation reported financial results for January 2006. Net premiums written increased 3% compared to January 2005. Net income increased 3% to $154.1 million, while earnings per share grew 5% to $0.78 per share. The combined ratio was 86.0 for January 2006, an increase of 1.0 percentage point from January 2005. Total policies in force grew 8% compared to the previous year.
The Progressive Corporation reported financial results for January 2006. Net premiums written increased 3% compared to January 2005. Net income increased 3% to $154.1 million, while earnings per share grew 5% to $0.78 per share. The combined ratio was 86.0 for January 2006 compared to 85.0 the prior year. Total policies in force grew 8% to 9.5 million policies.
This document summarizes Office Depot's fourth quarter 2008 earnings conference call. Key points include:
- Total sales declined 15% year-over-year to $3.3 billion due to economic challenges.
- The company reported a GAAP loss of $1.54 billion or $5.64 per share. Excluding charges, the loss was $199 million or $0.73 per share.
- North American retail sales fell 18% with a comparable store sales decline of 18% and an operating loss of $119 million versus a $23 million profit in Q4 2007.
The document summarizes Office Depot's fourth quarter 2008 earnings conference call. It reported a GAAP loss of $1.54 billion or $5.64 per share due to impairment charges. Excluding charges, the loss was $199 million or $0.73 per share. Total sales declined 15% to $3.3 billion due to economic challenges. It is taking actions like store closures to improve profitability in 2009.
CIT Group reported second quarter earnings of $48.1 million, down from $352.1 million in the prior year quarter. They completed the sale of their home lending business, recording a $2.1 billion loss. Credit reserves were increased and capital ratios remained strong despite challenging market conditions. Progress was made on strategic capital and liquidity initiatives including raising $1.6 billion in capital and reducing commercial finance assets by $3 billion through asset sales. While earnings declined, the company strengthened its balance sheet by selling assets and raising capital.
Similar to citigroup Guide to Reformatted Financial Supplement July 2, 2008 (20)
Citibanking North America reported a 14% increase in total revenues and a 92% increase in core income for Q1 2000 compared to Q1 1999. Key drivers included an 86% increase in core income before taxes due to higher non-interest revenue and lower loan loss provisions. Average loans declined 5% while average deposits grew 5%. Asset quality improved with delinquencies and net credit losses declining.
Citigroup reported record earnings for the first quarter of 2000, with core income rising 49% to $3.6 billion compared to the same period last year. Several of Citigroup's business lines saw double-digit earnings growth, including Global Consumer (up 23%), Global Corporate and Investment Bank (up 36%), and Global Investment Management (up 26%). Strong performance across all regions and business segments was driven by favorable global market conditions. Return on equity was 30% and the company repurchased $1.2 billion in stock during the quarter.
Citigroup reported financial results for the second quarter of 2000. Core income increased 21% compared to the second quarter of 1999 to $3.007 billion. Total revenues for the quarter were $16.373 billion, a 10% increase year-over-year. Most of Citigroup's business segments saw revenue and core income growth compared to the previous year. Global Consumer revenues were $7.473 billion, up 6% from the second quarter of 1999. Global Corporate and Investment Bank revenues were $7.855 billion, a 13% increase. Citigroup's preliminary Tier 1 capital ratio was 8.6% for the second quarter of 2000.
This document provides quarterly financial data for Citigroup, including:
- Consolidated financial summaries showing metrics like core income, net income, earnings per share, capital ratios, assets, and returns on equity.
- Segment net revenues and core income broken down by Citigroup's main business segments - Global Consumer, Global Corporate and Investment Bank, and Global Investment Management.
- More detailed financial results for the major businesses within Global Consumer like North America Cards, Mortgage Banking, and International.
- Supplemental financial details including consolidated statements of income, earnings analysis, loan delinquency amounts, and insurance investment portfolio information.
The document contains quarterly and year-to-
Citigroup reported strong financial results for the second quarter and first half of 2000. Core income rose 21% to $3.0 billion for the second quarter and 35% to $6.6 billion for the first half of the year. All of Citigroup's major business segments experienced double-digit income growth, led by the Global Consumer Group and Global Corporate and Investment Bank. Citigroup continued making acquisitions and investments to expand its global businesses and presence on the internet. Chairman and CEO Sanford Weill stated the results demonstrated the impact of the company's market share gains and consistent growth across its businesses.
Citigroup reported its third quarter 2000 financial results. Key highlights include:
- Core income for 3Q 2000 was $3.11 billion, up 27% from 3Q 1999. Year-to-date core income through 3Q 2000 was $9.72 billion, up 32% from the same period in 1999.
- Net income for 3Q 2000 was $3.088 billion, up 27% from 3Q 1999. Year-to-date net income through 3Q 2000 was $9.683 billion, up 34% from the same period in 1999.
- Basic earnings per share for core income in 3Q 2000 was $0.69, up 28% from 3Q 1999.
- Citigroup reported quarterly financial results for 3Q 2000, with net income of $3.088 billion, up 27% from 3Q 1999. Core income was $3.111 billion for the quarter, also up 27% year-over-year.
- Total revenues for Citigroup's Global Consumer segment were $7.515 billion in 3Q 2000, up 5% from 3Q 1999. The Global Corporate and Investment Bank segment reported revenues of $8.097 billion, a 26% increase.
- Total assets reached $805 billion in 3Q 2000, up from $686.8 billion in 3Q 1999. Book value per share increased to $11.55 from $9
Citigroup reported strong third quarter results for 2000, with core income rising 27% to $3.1 billion compared to the third quarter of 1999. Key highlights included:
- Global Consumer core income rose 17% to $1.32 billion, driven by growth in North American cards, mortgage banking, and Asia.
- Global Corporate and Investment Bank core income increased 40% to $1.59 billion, with strong performances from Salomon Smith Barney and emerging markets banking.
- Global Investment Management and Private Banking core income grew 14% to $176 million, with increased revenues across asset management, private banking, and retirement services.
Citigroup reported its quarterly financial results. Some key highlights:
- Core income for Q4 2000 was $3.331 billion, up 11% from Q4 1999.
- Net income for Q4 2000 was $2.84 billion, down 6% from Q4 1999 due to restructuring charges.
- Global Consumer segment revenues grew 9% to $10.243 billion in Q4 2000.
- Global Corporates and Institutions segment revenues grew 16% to $8.464 billion in Q4 2000.
Citigroup reported strong 4th quarter and full-year 2000 earnings. 4th quarter core income was $3.33 billion, an 11% increase, and full-year core income was a record $14.14 billion, up 25%. All of Citigroup's major business segments saw growth in the 4th quarter, led by the Global Consumer Group at 25% growth. For the full year, net income was $13.52 billion. Chairman and CEO Sanford Weill cited the company's global strength and leadership across business lines. Citigroup continued investments in growing markets and internet capabilities.
Citigroup reported its quarterly financial results. Core income decreased 7% from the prior year quarter to $3.66 billion. Total revenues declined across most business segments, with the exception of the Global Consumer segment which increased revenues slightly. Overall, Citigroup saw lower earnings due to weaker market conditions impacting its trading and investment banking businesses. Capital ratios and credit quality metrics remained strong however, positioning Citigroup well despite the challenging environment.
Citigroup reported its financial results for the first quarter of 2001. Net income decreased 8% compared to the first quarter of 2000. Core income, which excludes restructuring and accounting items, decreased 7%. Within its Global Consumer segment, Banking/Lending revenues increased 14% driven by growth in North America Cards, CitiFinancial, and Mortgage Banking. Core income for Banking/Lending increased 21% led by gains in North America Cards, CitiFinancial, and Citibanking North America. Overall, Citigroup's Global Consumer business saw revenues increase 10% and core income rise 18% compared to the first quarter of the prior year.
Citigroup reported core income of $3.66 billion for Q1 2001, a 7% decrease from Q1 2000. Excluding investment activities, core income rose 7% year-over-year. Global Consumer saw core income increase 18% to $1.78 billion driven by growth in US banking and lending. Global Corporate core income declined 7% to $1.75 billion due to weaker investment markets, though revenues grew 11%. Overall, Citigroup achieved solid results despite challenging markets due to the strength and diversity of its businesses.
Citigroup, the largest global financial services company, reported quarterly financial results. Core income decreased 7% year-over-year to $3.66 billion, while net income decreased 8% to $3.54 billion. Revenues increased 6% to $21.05 billion driven by strong growth in North America Cards, Corporate Finance, and emerging markets. Citibanking North America revenues increased 6% to $613 million with core income before taxes up 24% to $271 million.
Citigroup reported its financial results for the first quarter of 2001. Net income decreased 8% compared to the first quarter of 2000. Core income, which excludes restructuring and accounting items, decreased 7%. Within Global Consumer, Banking/Lending revenues increased 14% driven by growth in North America Cards, CitiFinancial, and Mortgage Banking. Core income for Banking/Lending increased 21% led by gains in North America Cards, CitiFinancial, and Citibanking North America.
Citigroup reported a 13% increase in core income to $3.79 billion for Q2 2001 compared to Q2 2000. Revenue grew 8% to $20.3 billion led by 12% growth in the Global Consumer segment. Core EPS grew 14% to $0.74 per share. Several business segments saw strong growth including 40% growth for CitiFinancial, 17% for North America Cards, and 18% for the Private Bank. Despite difficult market conditions, Corporate Finance delivered 12% earnings growth through increased market share.
Citigroup reported quarterly financial data for 3Q 2001. Some key highlights:
- Core income was $3.262 billion for 3Q 2001, down 8% from 3Q 2000. Year-to-date core income was $10.707 billion, down 1% from the same period in 2000.
- Total revenues for 3Q 2001 were $20.294 billion, up 5% from 3Q 2000. Year-to-date total revenues were $61.656 billion, up 6% from the same period in 2000.
- Global Consumer revenues grew 19% to $11.661 billion in 3Q 2001, driven by strength in North America Cards and Banking/L
Citigroup reported financial results for the third quarter of 2001. Citigroup is a global financial services company with operations in over 100 countries. Some key highlights:
- Core income for 3Q 2001 was $3.26 billion, down 8% from 3Q 2000. Year-to-date core income was $10.7 billion, down 1% from the same period in 2000.
- Total revenues for Global Consumer operations were $11.66 billion for 3Q 2001, up 19% from 3Q 2000, driven by growth in North America Cards and Mortgage Banking.
- Revenues for Global Corporate were $8.01 billion for 3Q 2001, down 5% from 3
Citigroup reported third quarter core income of $3.26 billion, down 7% from the prior year due to $700 million in losses from the September 11th attacks. Revenue grew 5% to $20.29 billion while expenses declined 2%. The diversification of Citigroup's businesses allowed growth in many areas, including a 45% increase in CitiFinancial income and a 25% rise in Citibanking income, despite challenges in the market environment from the attacks. Sanford Weill, CEO, expressed confidence that Citigroup would deliver 15% earnings growth in the fourth quarter assuming a stable market.
Citigroup reported its quarterly financial results. Net income for 4Q 2001 was $3.875 billion, up 36% from 4Q 2000. Core income, which excludes certain items, was $3.862 billion for 4Q 2001, up 16% from the prior year. Total revenues for Global Consumer increased 20% to $11.207 billion compared to 4Q 2000, driven by growth in North America Cards, Citibanking North America, and Mortgage Banking. Revenues for Global Corporate were relatively flat compared to the prior year.
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citigroup Guide to Reformatted Financial Supplement July 2, 2008
1. Guide to Reformatted Quarterly
Financial Data Supplement
This guide to the reformatted quarterly financial data supplement is intended to
highlight the key changes to the supplement and is not a comprehensive guide
to all changes. Please read this guide in conjunction with both the reformatted
and past quarterly financial data supplements.
2. Page 1 – Financial Summary
CITIGROUP – FINANCIAL SUMMARY
(In millions of dollars, except per share amounts)
Discontinued Operations
includes CitiCapital.
Total Revenues, Net of Interest Expense
Total Operating Expenses
Provision for Loan Losses and for Benefits and Claims
Income Taxes
Minority Interest
Income statement summary
Income (Loss) from Continuing Operations
Discontinued Operations, After-tax
Cumulative Effect of Accounting Change
Net Income (Loss)
Diluted Earnings Per Share:
Income (Loss) from Continuing Operations
Net Income (Loss)
Shares (in millions):
Average Basic
Average Diluted
Common Shares Outstanding, at period end
Preferred Dividends - Basic (in millions)
Preferred Dividends - Diluted (in millions)
Financial Ratios:
Tier 1 Capital Ratio
Total Capital Ratio
Leverage Ratio
Return on Common Equity
Balance Sheet Data, EOP (in billions, except Book Value per Share):
Total Assets
Trading Account Assets
Total Loans
Balance sheet summary
Total Deposits
Stockholders' Equity
Equity and Trust Securities
Book Value Per Share
New disclosure
Direct Staff (in thousands)
Segment Net Income:
Global Cards
Consumer Banking
Institutional Clients Group
Global Wealth Management
Segment and regional net
Corporate/Other
Discontinued Operations
income. Note new segments
Cumulative Effect of Accounting Change
and regions
Total Net Income
North America includes U.S.,
Regional Net Income:
Canada and Puerto Rico; Latin
North America
Europe, Middle East and Africa (EMEA)
America includes Mexico; Asia
Latin America
includes Japan
Asia
Corporate/Other
Discontinued Operations
Cumulative Effect of Accounting Change
Total Net Income Page 1
3. Page 2 – Consolidated Income Statement
CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)
Revenues
Discontinued Operations
Interest revenue
includes CitiCapital.
Interest expense
Net interest revenue
Commissions and fees
Principal transactions
Administrative and other fiduciary fees
Realized gains (losses) from sales of investments
Insurance premiums
Other revenue
Total non-interest revenues
Total revenues, net of interest expense
Provisions for Credit Losses and for Benefits and Claims
Provision for loan losses
Policyholder benefits and claims
Provision for unfunded lending commitments
Total provisions for credit losses and for benefits and claims
Operating Expenses
Compensation and benefits
Net occupancy expense
Technology / communication expense
Advertising and marketing expense
Restructuring-related items
Other operating
Total operating expenses
Income (Loss) before Income
Taxes and Minority Interest
Provision (benefits) for income taxes
Minority interest, net of income taxes
Income (Loss) from Continuing Operations
Discontinued Operations
Income from Discontinued Operations
Gain on Sale
Provision for income taxes and minority interest, net of taxes
Income from Discontinued Operations, net
Cumulative Effect of Accounting Change
Net Income (Loss)
Page 2
4. Page 3 – Consolidated Balance Sheet
CITIGROUP CONSOLIDATED BALANCE SHEET Unchanged. Moved closer
(In millions of dollars)
to the beginning of the
supplement.
Assets
Cash and due from banks (including segregated cash and other deposits)
Deposits with banks
Federal funds sold and securities borrowed or purchased under agreements to resell
Brokerage receivables
Trading account assets
Investments
Loans, net of unearned income
Consumer
Corporate
Loans, net of unearned income
Allowance for loan losses
Total loans, net
Goodwill
Intangible assets
Other assets
Total assets
Liabilities
Non-interest-bearing deposits in U.S. offices
Interest-bearing deposits in U.S. offices
Non-interest-bearing deposits in offices outside the U.S.
Interest-bearing deposits in offices outside the U.S.
Total deposits
Federal funds purchased and securities loaned or sold under agreements to repurchase
Brokerage payables
Trading account liabilities
Short-term borrowings
Long-term debt
Other liabilities
Total liabilities
Stockholders' equity
Preferred Stock
Common Stock
Additional paid-in capital
Retained earnings
Treasury stock
Accumulated other comprehensive income (loss)
Total stockholders' equity
Total liabilities and stockholders' equity
Page 3
5. Page 4 – Net Income by Product
CITIGROUP – NET INCOME
New products and new
PRODUCT VIEW
regions.
(In millions of dollars)
Discontinued Operations
Global Cards:
includes CitiCapital.
North America
EMEA Formerly U.S. Cards and
International Cards
Latin America
Asia
Total Global Cards
Consumer Banking:
Includes former U.S. Retail
North America
Distribution, U.S. Consumer
EMEA Lending, U.S. Commercial
Business Group, International
Latin America
Consumer Finance and
Asia
International Retail Banking
Total Consumer Banking
Institutional Clients Group (ICG):
North America Includes Securities and
EMEA Banking (which now includes
Latin America Alternative Investments) and
Transaction Services
Asia
Total Institutional Clients Group (ICG)
Global Wealth Management:
North America
Smith Barney and Private Bank
EMEA
combined
Latin America
Asia
Total Global Wealth Management
Corporate / Other
Income (Loss) From Continuing Operations
Discontinued Operations
Cumulative Effect of Accounting Change
Net Income (Loss) Page 4
6. Page 5 – Net Income by Region
CITIGROUP – NET INCOME
REGIONAL VIEW
(In millions of dollars)
North America
Includes U.S., Canada, NEW: Regional net income
Global Cards
and Puerto Rico for Securities and Banking
Consumer Banking
and Transaction Services.
Institutional Clients Group
Discontinued Operations
Securities & Banking
includes CitiCapital.
Transaction Services
Global Wealth Management
Total North America
EMEA
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total EMEA
Latin America Includes Mexico
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total Latin America
Includes Japan
Asia
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total Asia
Corporate / Other
Income (Loss) From Continuing Operations
Discontinued Operations
Cumulative Effect of Accounting Change
Net Income (Loss)
Page 5
7. Page 6 – Revenue by Product
CITIGROUP – REVENUES New products and new
PRODUCT VIEW regions.
(In millions of dollars)
Global Cards:
North America
EMEA Formerly U.S. Cards and
International Cards
Latin America
Asia
Total Global Cards
Consumer Banking:
Includes former U.S. Retail
North America
Distribution, U.S. Consumer
EMEA Lending, U.S. Commercial
Business Group, International
Latin America
Consumer Finance and
Asia
International Retail Banking
Total Consumer Banking
Institutional Clients Group (ICG):
North America
Includes Securities and
EMEA Banking (which includes
Alternative Investments) and
Latin America
Transaction Services
Asia
Total Institutional Clients Group (ICG)
Global Wealth Management:
North America
Smith Barney and Private Bank
EMEA
combined
Latin America
Asia
Total Global Wealth Management
Corporate / Other
Total Net Revenues
Page 6
8. Page 7 – Revenues by Region
CITIGROUP – REVENUES
REGIONAL VIEW
(In millions of dollars)
North America
Includes U.S., Canada, NEW: Regional revenue for
Global Cards and Puerto Rico Securities and Banking and
Transaction Services.
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total North America
EMEA
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total EMEA
Latin America Includes Mexico
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total Latin America
Includes Japan
Asia
Global Cards
Consumer Banking
Institutional Clients Group
Securities & Banking
Transaction Services
Global Wealth Management
Total Asia
Corporate / Other
Total Net Revenues
Page 7
9. Page 8 – Global Cards
GLOBAL CARDS
Includes former U.S. Cards
Page 1
and International Cards.
(In millions of dollars)
Includes Sales Finance,
Net Interest Revenue
formerly included in
Non-Interest Revenue
Consumer Finance.
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes and Minority Interest
Net Income
Average Assets (in billions of dollars)
Return on Assets
Net Credit Loss Ratio
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
KEY INDICATORS
EOP Open Accounts (in millions)
North America
EMEA
NEW: Regional disclosure
Latin America
Asia
Total
Purchase Sales (in billions of dollars)
North America
EMEA
NEW: Regional disclosure
Latin America
Asia
Total
Average Managed Loans
North America (managed basis)
North America: Managed basis
EMEA
Latin America
Other regions: GAAP basis
Asia
Total
Page 8
10. Page 9 – Global Cards
GLOBAL CARDS
Page 2 Includes former U.S. Cards
(In millions of dollars)
and International Cards.
KEY INDICATORS (continued) Includes Sales Finance,
formerly included in
Consumer Finance.
Managed Average Yield
North America (managed basis) NEW: Regional disclosure.
EMEA
North America on a
Latin America
managed basis; all other
Asia
regions on a GAAP basis.
Global Total
Managed Net Interest Revenue as a % of Average Managed Loans
North America (managed basis)
EMEA
Latin America
Asia
Global Total
Coincident Managed Net Credit Loss Ratio
North America (managed basis)
EMEA
Latin America
Asia
Global Total
Managed Net Credit Margin as a % of Average Managed Loans
North America (managed basis)
EMEA
Latin America
Asia
Global Total
Managed Loans 90+ Days Past Due as a % of EOP Managed Loans
North America (managed basis)
EMEA
Latin America
Asia
Global Total Page 9
11. Page 10 – Global Cards
GLOBAL CARDS
North America NEW: Citi Branded and
Page 3 Retail Partners instead of
(In millions of dollars)
Bankcard and Private Label.
SUPPLEMENTAL DISCLOSURE - MANAGED BASIS
Citi Branded: general
Managed Revenues: (in millions of dollars)
purpose bankcards that are
Total GAAP Revenues
marketed directly to
Net Impact of Credit Card Securitization Activity
consumers and small
Total Managed Revenues
businesses. This segment
Return on Managed Assets
includes our industry-
leading products such as
Average Managed Loans Securitized
PremierPass, CashReturns,
(in billions of dollars) Held for Sale
On Balance Sheet
and Diamond Preferred, as
Total
well as co-branded products
Citi Branded
that are offered through
Retail Partners
non-retail partners, such as
Total
American Airlines, AT&T,
Expedia, and others.
EOP Managed Loans Citi Branded
Retail Partners
Total
Retail Partners: includes
both bankcards and private
Managed Average Yield Citi Branded
label cards offered to
Retail Partners
consumers and small
Total
businesses through our
Managed Net Interest Revenue Citi Branded
partnerships with leading
(in millions of dollars) Retail Partners
retailers, including Sears,
Total
Macy’s, The Home Depot,
Managed Net Interest Revenue as Citi Branded
and many others. This
a % of Average Managed Loans Retail Partners
Total
segment also includes sales
finance loans, which were
Managed Net Credit Margin Citi Branded
previously reported in
(in millions of dollars) Retail Partners
Total
CitiFinancial results.
Managed Net Credit Margin as Citi Branded
a % of Average Managed Loans Retail Partners
Total
Managed Net Credit Losses Citi Branded
Retail Partners
Total
Coincident Managed Net Citi Branded
Credit Loss Ratio: Retail Partners
Total
Managed Loans 90+Days Past Due Citi Branded
Retail Partners
Total
% of EOP Managed Loans Citi Branded
Retail Partners
Total
Page 10
12. Page 11 – Consumer Banking
CONSUMER BANKING
Page 1
(In millions of dollars)
CONSUMER BANKING
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Includes former U.S. Retail
Credit Reserve Build / (Release)
Distribution, U.S. Consumer
Provision for Benefits & Claims
Lending, U.S. Commercial
Provision for Loan Losses and for Benefits and Claims
Business Group, International
Income Before Taxes and Minority Interest
Consumer Finance and
Income Taxes
International Retail Banking
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Return on Assets
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
CONSUMER FINANCE JAPAN
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
Expanded disclosure
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Return on Assets
CONSUMER BANKING EXCLUDING CONSUMER FINANCE JAPAN
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Page 11
Return on Assets
13. Page 12 – Consumer Banking
CONSUMER BANKING
Page 2
(In millions of dollars)
KEY INDICATORS
Branches
Citibank
CitiFinancial (excluding Consumer Finance Japan)
Subtotal
Consumer Finance Japan
Total
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total
Accounts (in millions)
North America
EMEA
Latin America
NEW: Regional disclosure
Asia (excluding Consumer Finance Japan)
Subtotal
Consumer Finance Japan
Total
Average Deposits (in billions of dollars)
North America
EMEA
Latin America
Asia
Total
Investment Sales (in billions of dollars)
North America
EMEA
Latin America
Asia
Total
NEW: Regional disclosure
Investment AUMs (in billions of dollars)
North America
EMEA
Latin America
Asia
Total Page 12
14. Page 13 – Consumer Banking
CONSUMER BANKING
Page 3
KEY INDICATORS (Continued):
Average Loans (in billions of dollars)
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total
EOP Loans (in billions of dollars)
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total
Net Interest Revenue as a % of Average Loans
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total
NEW: Regional disclosure
Net Credit Losses as a % of Average Loans
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total
Loans 90+ Days Past Due as a % of EOP Loans
North America
EMEA
Latin America
Asia (excluding CF Japan)
Subtotal
Consumer Finance Japan
Total Page 13
15. Page 14 – Consumer Banking
CONSUMER BANKING
North America
Page 4 Includes all residential real
KEY INDICATORS (Continued):
estate in North America
Consumer Banking. Previously
RESIDENTIAL REAL ESTATE LENDING
disclosed in Consumer
Average Loans
Lending and Retail Distribution
EOP Loans
Originations
Third Party Mortgage Servicing Portfolio (EOP)
Net Servicing & Gain/(Loss) on Sale - (in millions of dollars)
New disclosure
Net Interest Revenue (in millions of dollars)
% of Avg. Loans (excluding NIR for MBS & Warehouse loans)
Net Credit Losses (in millions of dollars)
% of Avg. Loans
Loans 90+ Days Past Due (in millions of dollars)
% of EOP Loans
AUTO LOANS
Average Loans
New disclosure
EOP Loans
Originations
Net Interest Revenue (in millions of dollars)
% of Avg. Loans
Net Credit Losses (in millions of dollars)
% of Avg. Loans
Loans 90+ Days Past Due (in millions of dollars)
% of EOP Loans
STUDENT LOANS
Average Loans
New disclosure
EOP Loans
Originations
Net Interest Revenue (in millions of dollars)
% of Avg. Loans
Net Credit Losses (in millions of dollars)
% of Avg. Loans
Loans 90+ Days Past Due (in millions of dollars)
% of EOP Loans
PERSONAL LOANS & OTHER
Average Loans
EOP Loans
Net Interest Revenue (in millions of dollars)
% of Avg. Loans
New disclosure
Net Credit Losses (in millions of dollars)
% of Avg. Loans
Loans 90+ Days Past Due (in millions of dollars)
% of EOP Loans
COMMERCIAL LOANS
Average Loans
New disclosure
EOP Loans
Net Interest Revenue (in millions of dollars)
% of Avg. Loans
Net Credit Losses (in millions of dollars)
% of Avg. Loans
Loans 90+ Days Past Due (in millions of dollars)
Page 14
% of EOP Loans
16. Page 15 – Institutional Clients Group
INSTITUTIONAL CLIENTS GROUP
(In millions of dollars)
Includes Securities and
Banking (which now
Commissions and Fees
includes Alternative
Administration and Other Fiduciary Fees
Investments) and
Investment Banking
Transaction Services.
Principal Transactions
Other
Total Non-Interest Revenue
Net Interest Revenue (including Dividends)
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Provision for Unfunded Lending Commitments
Credit Reserve Build / (Release)
Total Provision for Credit Losses
Income (Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income (Loss)
New disclosure
Average Assets (in billions of dollars)
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
Revenues by Product:
Includes Alternative Investments
Securities and Banking
Transactions Services
Total
Net Income by Product:
Includes Alternative Investments
Securities and Banking
Transactions Services
Page 15
Total
17. Page 16 – Institutional Clients Group: Securities and Banking
INSTITUTIONAL CLIENTS GROUP
SECURITIES AND BANKING
Includes Alternative
(In millions of dollars)
Investments
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Provision for Unfunded Lending Commitments
Credit Reserve Build / (Release)
Total Provision for Credit Losses
Income (Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income (Loss)
Average Assets (in billions of dollars) New disclosure
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
Revenue Details:
Investment Banking:
Advisory and Other Fees
Equity Underwriting
Debt Underwriting
Gross Investment Banking
Revenue Allocated to the Global Wealth Management Segment:
Equity Underwriting
Debt Underwriting
Net Investment Banking
Lending
Equity Markets
Fixed Income Markets
Other Securities and Banking
Total Securities and Banking Revenues Page 16
18. Page 17 – Institutional Clients Group: Transaction Services
INSTITUTIONAL CLIENTS GROUP
TRANSACTION SERVICES
(In millions of dollars)
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Provision for Unfunded Lending Commitments
Credit Reserve Build / (Release)
Total Provision for Credit Losses
Income (Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars) New disclosure
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
Revenue Details:
Consists of Cash Management
Treasury and Trade Solutions
and Trade
Securities Services
Total
Average Deposits and Other Customer Liability Balances (in billions)
North America
EMEA
NEW: Regional disclosure
Latin America
Asia
Total
Assets Under Custody (EOP in trillions)
Page 17
19. Page 18 – Global Wealth Management
GLOBAL WEALTH MANAGEMENT
Smith Barney and Private
Page 1
Bank combined
(In millions of dollars)
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Total Provision for Loan Losses
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Pretax Profit Margin
New disclosure
Average Assets (in billions of dollars)
Average Risk Capital
Return on Risk Capital
Return on Invested Capital
Fee-Based Revenues
Financial Advisors (FA) / Bankers
Net Client Asset Flows (in billions)
Revenues:
Smith Barney
Private Bank
Total Revenues
Page 18
20. Page 19 – Global Wealth Management
GLOBAL WEALTH MANAGEMENT
Page 2
KEY INDICATORS (in billions of dollars, except for branches)
NEW: Regional disclosure.
Client Assets Under Fee-Based Management
North America Smith Barney and Private
Bank combined.
EMEA
Latin America
Asia
Total
Average Deposits and Other Customer Liability Balances
North America
EMEA
Latin America
Asia
Total
Total Client Assets
North America
EMEA
Latin America
Asia
Total
Average Loans
North America
EMEA
Latin America
Asia
Total
Offices
North America
EMEA
Latin America
Asia
Total
Page 19
21. Page 20 – North America
NORTH AMERICA
(In millions of dollars)
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
New disclosure
Provision for Loan Losses and for Benefits and Claims
Income(Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income (Loss)
Average Assets (in billions of dollars)
Return on Assets
Key Drivers (in billions of dollars, except branches):
Average Loans
Managed Cards
Consumer Banking
Corporate
New disclosure
Global Wealth Management
Total
Average Consumer Banking Loans
Includes all residential real
Residential Real Estate
Auto
estate in North America
Student
Consumer Banking. Previously
Personal and Other
Commercial
disclosed in Consumer
Total
Lending and Retail Distribution
Average Deposits (and other Customer Liability Balances)
Checking, Savings & Money Market Deposits
Time Deposits, CDs and Other
Consumer Banking Deposits
Transaction Services
New disclosure
Global Wealth Management
Total
Global Wealth Management Assets Under Fee-Based Management
New disclosure
Global Wealth Management Total Client Assets
Consumer Banking Investment Sales
Consumer Banking Investment AUMs
Branches/Offices
Citibank
CitiFinancial
New disclosure
Global Wealth Management
Total
Consumer Loans Excluding GWM
Consumer Net Credit Loss Ratio
Net Credit Loss Ratio
New disclosure
Consumer Loans 90+Days Past millions)millions)
Loans 90+Days Past Due (in Due (in
Page 20
% % EOP Loans
of of EOP Loans
22. Page 21 – Europe, Middle East and Africa
EUROPE, MIDDLE EAST AND AFRICA
(In millions of dollars)
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
New disclosure
Provision for Loan Losses and for Benefits and Claims
Income(Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income (Loss)
Average Assets (in billions of dollars)
Return on Assets
Key Drivers (in billions of dollars, except branches):
Average Loans
Cards
Consumer Banking
Corporate
New disclosure
Global Wealth Management
Total
Average Consumer Banking Loans
Residential Real Estate
New disclosure
Personal
Commercial and other
Total
Average Deposits (and other Customer Liability Balances)
Consumer Banking Deposits
Transaction Services
New disclosure
Global Wealth Management
Total
Global Wealth Management Assets Under Fee-Based Management
Global Wealth Management Total Client Assets
New disclosure
Consumer Banking Investment Sales
Consumer Banking Investment AUMs
Branches/Offices
Citibank
CitiFinancial
New disclosure
Global Wealth Management
Total
Consumer Loans Excluding GWM
Consumer Net Credit Loss Ratio
Net Credit Loss Ratio
New disclosure
Consumer Loans 90+Days Past Due (in millions)
Loans 90+Days Past Due (in millions)
Page 21
% of EOP Loans
% of EOP Loans
23. Page 22 – Latin America
LATIN AMERICA
(In millions of dollars)
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
New disclosure
Provision for Loan Losses and for Benefits and Claims
Income(Loss) Before Taxes and Minority Interest
Income Taxes (Benefits)
Minority Interest, Net of Tax
Net Income (Loss)
Average Assets (in billions of dollars)
Return on Assets
Key Drivers (in billions of dollars, except branches):
Average Loans
Cards
Consumer Banking
Corporate
New disclosure
Global Wealth Management
Total
Average Consumer Banking Loans
Residential Real Estate
Personal
New disclosure
Commercial and other
Total
Average Deposits (and other Customer Liability Balances)
Consumer Banking Deposits
Transaction Services
New disclosure
Global Wealth Management
Total
Global Wealth Management Assets Under Fee-Based Management
Global Wealth Management Total Client Assets
New disclosure
Consumer Banking Investment Sales
Consumer Banking Investment AUMs
Branches/Offices
Citibank
CitiFinancial
New disclosure
Global Wealth Management
Total
Consumer Loans Excluding GWM
Consumer Net Credit Loss Ratio
Net Credit Loss Ratio
New disclosure
Loans 90+Days Past Due (in millions)
Consumer Loans 90+Days Past Due (in millions)
% of EOP Loans Page 22
% of EOP Loans
24. Page 23 – Asia
ASIA
Page 1
(In millions of dollars)
ASIA
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
New disclosure
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Return on Assets
CONSUMER FINANCE JAPAN
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
Expanded disclosure
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Return on Assets
ASIA EXCLUDING CONSUMER FINANCE JAPAN
Net Interest Revenue
Non-Interest Revenue
Total Revenues, Net of Interest Expense
Total Operating Expenses
Net Credit Losses
Credit Reserve Build / (Release)
Provision for Benefits & Claims
Provision for Loan Losses and for Benefits and Claims
Income Before Taxes and Minority Interest
Income Taxes
Minority Interest, Net of Tax
Net Income
Average Assets (in billions of dollars)
Return on Assets Page 23
25. Page 24 – Asia
ASIA
Page 2
Key Drivers (in billions of dollars, except branches):
Average Loans
Cards
Consumer Banking (excluding CF Japan)
Corporate
New disclosure
Global Wealth Management
Subtotal
Consumer Finance Japan
Total
Average Consumer Banking Loans (excluding CF Japan)
Residential Real Estate
New disclosure
Personal
Commercial and other
Total
Average Deposits (and other Customer Liability Balances)
Consumer Banking Deposits
Transaction Services
New disclosure
Global Wealth Management
Total
Global Wealth Management Assets Under Fee-Based Management
Global Wealth Management Total Client Assets
New disclosure
Consumer Banking Investment Sales
Consumer Banking Investment AUMs
Branches/Offices
Citibank
CitiFinancial (excluding Japan)
New disclosure
Global Wealth Management
Subtotal
Consumer Finance Japan
Total
Consumer Loans Excluding GWM
Consumer Net Credit Loss Ratio
Net Credit Loss Ratio
New disclosure
Consumer Loans 90+Days Past millions)millions)
Loans 90+Days Past Due (in Due (in
% of EOP Loans
% of EOP Loans Page 24
26. Page 25 – Return on Capital
CITIGROUP – RETURN ON CAPITAL
Reflects new segments.
Global Cards
Consumer Banking
Institutional Clients Group (ICG):
Securities and Banking
Transaction Services
Total Institutional Clients Group (ICG)
Global Wealth Management
Corporate / Other
Total Citigroup - Risk Capital
Total Citigroup - Return on Invested Capital
Page 25
27. Page 26 – Average Balances and Interest Rates
AVERAGE BALANCES AND INTEREST RATES
(In millions of dollars)
Assets:
Discontinued Operations
includes CitiCapital.
Deposits with Banks
Fed Funds Sold and Resale Agreements
Trading Account Assets
Investments
Consumer Loans
Corporate Loans
Total Loans (net of Unearned Income)
Other Interest-Earning Assets
Total Average Interest-Earning Assets
Liabilities:
Deposits
Fed Funds Purchased and Repurchase Agreements
Trading Account Liabilities
Short-Term Borrowings
Long-Term Debt
Total Average Interest-Bearing Liabilities
Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)
1Q08 Increase From
Page 26
28. Page 27 – Consumer Loan Delinquencies and Net Credit Losses
CONSUMER LOAN DELINQUENCY AMOUNTS, NET CREDIT LOSSES AND RATIOS
(In millions of dollars)
Reflects new segments
PRODUCT VIEW:
and regions.
Global Cards
North America
Ratio
EMEA
Ratio
Latin America
New disclosure
Ratio
Asia
Ratio
Consumer Banking
North America
Ratio
EMEA
Ratio
Latin America
New disclosure
Ratio
Asia
Ratio
Global Wealth Management
Ratio
On-Balance Sheet Loans
Ratio
Securitized Receivables (all in N.A. Cards)
Loans Held-for-Sale
Managed Loans
Ratio
REGIONAL VIEW:
North America
Ratio
EMEA
Ratio
Latin America
Ratio
Asia
Ratio
On-Balance Sheet Loans
Ratio
Securitized Receivables (all in N.A. Cards)
Loans Held-for-Sale
Managed Loans
Ratio
Page 27
29. Page 28 – Allowance for Credit Losses – Total Citi
ALLOWANCE FOR CREDIT LOSSES
TOTAL CITIGROUP
(In millions of dollars)
Discontinued Operations
Allowance for Loan Losses at Beginning of Period
includes CitiCapital.
Gross Credit (Losses)
Gross Recoveries
Net Credit (Losses) / Recoveries (NCL's)
NCL's
Reserve Releases
Reserve Builds
Specific Reserve Releases / Utilizations
Specific Reserve Builds
Build(Release/Utilization) for Purchased Distressed Loan Portfolios
Provision for Loan Losses
Other
Allowance for Loan Losses at End of Period
Corporate Allowance for Unfunded Lending Commitments
Provision for Unfunded Lending Commitments
Total Allowance for Loans, Leases and
Unfunded Lending Commitments
Page 28
30. Page 29 – Allowance for Credit Losses – Consumer Loans
ALLOWANCE FOR CREDIT LOSSES
CONSUMER LOANS
(In millions of dollars)
Discontinued Operations
Allowance for Loan Losses at Beginning of Period
includes CitiCapital.
Gross Credit (Losses)
Gross Recoveries
Net Credit (Losses) / Recoveries (NCL's)
NCL's
Reserve Releases
Reserve Builds
Specific Reserve Releases / Utilizations
Specific Reserve Builds
Build(Release/Utilization) for Purchased Distressed Loan Portfolios
Provision for Loan Losses
Other
Allowance for Loan Losses at End of Period
Net Consumer Credit (Losses) as a
Percentage of Average Consumer Loans
Consumer Allowance for Credit Losses
As a Percentage of Total Consumer Loans
Page 29
31. Page 30 – Allowance for Credit Losses – Corporate Loans
ALLOWANCE FOR CREDIT LOSSES
Unchanged.
CORPORATE LOANS
(In millions of dollars)
Allowance for Loan Losses at Beginning of Period
Gross Credit (Losses)
Gross Recoveries
Net Credit (Losses) / Recoveries (NCL's)
NCL's
Reserve Releases
Reserve Builds
Specific Reserve Releases / Utilizations
Specific Reserve Builds
Build(Release/Utilization) for Purchased Distressed Loan Portfolios
Provision for Loan Losses
Other
Allowance for Loan Losses at End of Period
Net Corporate Credit (Losses) as a
Percentage of Average Corporate Loans
Corporate Allowance for Credit Losses
As a Percentage of Total Corporate Loans
Corporate Allowance for Unfunded Lending Commitments
Provision for Unfunded Lending Commitments
Total Corporate Allowance for Loans, Leases
and Unfunded Lending Commitments
Total Allowance for Loans, Leases and Unfunded Lending
Commitments as a Percentage of Total Corporate Loans Page 30
32. Page 31 – Components of Provisions for Loan Losses
CITIGROUP – COMPONENTS OF PROVISION FOR LOAN LOSSES
(In millions of dollars)
Reflects new segments and
Global Cards
regions.
Net Credit Losses
Credit Reserve Build / (Release)
North America
Net Credit Losses
Credit Reserve Build / (Release)
EMEA
Net Credit Losses
Credit Reserve Build / (Release)
Latin America
New disclosure
Net Credit Losses
Credit Reserve Build / (Release)
Asia
Net Credit Losses
Credit Reserve Build / (Release)
Consumer Banking
Net Credit Losses
Credit Reserve Build / (Release)
North America
Net Credit Losses
Credit Reserve Build / (Release)
EMEA
Net Credit Losses
Credit Reserve Build / (Release)
Latin America
Net Credit Losses
New disclosure
Credit Reserve Build / (Release)
Asia
Net Credit Losses
Credit Reserve Build / (Release)
Global Wealth Management:
Net Credit Losses
Credit Reserve Build / (Release)
Consumer Provision for Loan Losses
Institutional Clients Group (ICG):
Net Credit Losses
Credit Reserve Build / (Release)
Securities and Banking
Net Credit Losses
Credit Reserve Build / (Release)
Transaction Services
Net Credit Losses
Credit Reserve Build / (Release)
Corporate / Other
Corporate Provision for Loan Losses
Total Provision for Loan Losses
Page 31
33. Page 32 – Non-Performing Assets
NON-PERFORMING ASSETS
(In millions of dollars)
Unchanged.
CASH-BASIS AND RENEGOTIATED LOANS
Corporate Cash-Basis Loans
Collateral Dependent (at lower of cost or collateral value)
Other
Total Corporate Cash-Basis Loans
Corporate Cash-Basis Loans
JENA
Other International
Total Corporate Cash-Basis Loans
Corporate Cash-Basis Loans as a % of
Total Corporate Loans
Total Consumer Cash-Basis Loans
Renegotiated Loans (includes Corporate
and Commercial Business Loans)
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Consumer
Markets & Banking
TOTAL OTHER REAL ESTATE OWNED
OTHER REPOSSESSED ASSETS
***END OF FILE***
Page 32