Citigroup Q4 Earnings Hit by Russia Exit Charge Despite Resilient Revenue Growth
Citigroup's fourth-quarter earnings took a $1.2 billion hit from its planned exit from Russia, masking otherwise steady revenue growth across core businesses. Net income fell to $2.5 billion, with EPS dropping to $1.19—though adjusted EPS of $1.81 beat expectations. Revenue ROSE 2% to $19.9 billion, fueled by banking services and U.S. personal banking, while net interest income jumped 14% on stronger lending activity.
Shares closed 1.19% lower at $116.30 as a late sell-off erased early gains. The bank's full-year performance highlighted stable loan demand and improved credit costs, proving resilience despite macroeconomic headwinds. Market watchers now scrutinize whether traditional finance's struggles could accelerate capital rotation into crypto assets as an uncorrelated hedge.
