Citi stock climbs on impressive Q4 earnings

Citi Shares Soar as Bank Surpasses Q4 Earnings Estimate

Citigroup (C) shares jumped more than 2% premarket Friday on the back of its latest quarterly results, which saw the company top the analyst consensus estimate. The bank reported Q4 adjusted EPS of $0.84, $0.75 better than the analyst estimate of $0.09, while revenue for the quarter came in at $17.4 billion versus the consensus estimate of $18.88 billion. Citi noted that its results were impacted by several notable items, including the expenses associated with the FDIC special assessment of approximately $1.7 billion pre-tax and a reserve build of $1.3 billion associated with transfer risk in Russia and Argentina.