Monday April 17, 7:19 am Eastern Time
Citigroup Q1 share $1.04 vs $0.68
NEW YORK, April 17 (Reuters) -
Citigroup Inc.
First Call $0.78 a share
Citigroup Segment Income
First Quarter %
(In Millions of Dollars) 2000 1999 Change
Global Consumer
Citibanking North America......$ 138 $ 72 92
Mortgage Banking............... 63 61 3
Cards........... 297 276 8
CitiFinancial... 112 71 58
Banking/Lending 610 480 27
Travelers Life and Annuity..... 187 147 27
Primerica Financial Services... 119 110 8
Personal Lines.. 75 83 (10)
Insurance 381 340 12
Total North America 991 820 21
Europe, Middle East, & Africa.... 99 67 48
Asia Pacific...... 166 101 64
Latin America..... 70 46 52
Total International 335 214 57
e-Citi.............. (93) (35) (166)
Other Consumer...... (26) (18) (44)
Total Global Consumer............... 1,207 981 23
Global Corporate and Investment Bank
Salomon Smith Barney. 957 648 48
Emerging Markets 396 324 22
Global Relationship Banking 247 196 26
Total Global Corporate Bank 643 520 24
Commercial Lines Insurance.......... 240 189 27
Total Global Corporate and Investment
Bank. 1,840 1,357 36
Global Investment Management and Private Bank
SSB Citi Asset Management Group...... 90 80 13
Citibank Private Bank.....82 57 44
Total Global Investment Management
and Private Banking..172 137 26
Corporate/Other........(251) (150) (67)
Investment Activities... 634 90 604
Core Income............3,602 2,415 49
Restructuring-Related Items --
After Tax (A) (12) 74 (116)
Cumulative Effect of Accounting
Changes (B) - (127) NM
Net Income............ 3,590 2,362 52
Diluted Earnings Per Share:
Core Income........... 1.04 0.69 51
Net Income............ 1.04 0.68 53
(A) The restructuring-related items in the 2000 first
quarter included $12 million of accelerated depreciation. The
1999 first quarter included a credit for reversal of prior
charges of $125 million and $51 million of accelerated
depreciation.
(B) Refers to adoption of Statement of Position "SOP" 97-3,
"Accounting by Insurance and Other Enterprises for
Insurance-Related Assessments" of ($135) million; adoption of
SOP 98-7, "Deposit Accounting: Accounting for Insurance and
Reinsurance Contracts That Do Not Transfer Insurance Risk" of
$23 million; and the adoption of SOP 98-5, "Reporting on the
Costs of Start-Up Activities" of ($15) million.
At least SOME companies are making real money .....
Regards,
Rick |
