Fourth Quarter 2009 Earnings Review. January 19, 2010

Size: px
Start display at page:

Download "Fourth Quarter 2009 Earnings Review. January 19, 2010"

Transcription

1 Fourth Quarter 2009 Earnings Review January 19, 2010

2 2009 Summary Substantial progress in 2009 Built financial strength Reduced our size and scope Clear strategy built around Citi s distinctiveness Created Citi Holdings and reduced non-core assets Completed overhaul of risk management Restructured businesses and added strong leadership Repaid TARP Strong operating businesses in Citicorp We enter 2010 with a solid foundation Some signs of credit stabilization 1

3 Major P&L Items in 4Q 09 Pre-tax ($MM) Impact Segment Loss from USG TruPs repayment (1) $(7,988) Corp/Other Exiting of loss-sharing agreement with USG (2) (2,064) Corp/Other Citigroup Credit Value Adjustment (3) (1,789) S&B; SAP (1) Loss from the repayment of trust preferred securities held by the U.S. government ($4.9B after-tax). (2) Impact from the termination of the loss-sharing agreement with the government ($1.3B after-tax). It arises from the removal of the loss-sharing asset of ~$3.2B and the cancelation of ~$1.1B carrying value of trust preferred securities ($1.8B notional amount). (3) Credit value adjustment (CVA) on Citi Liabilities at Fair Value Option (FVO) and derivatives of $949 million due to tightening in Citi s credit spreads in the fourth quarter and a $840 million adjustment to the FVO CVA balance, reflecting correction of prior periods. Please see slide 36 for Citi s CVA in 3Q and 4Q of

4 Citigroup Summary Income Statement ($MM, Except EPS) 4Q'09 3Q'09 4Q'08 % QoQ % YoY Net Interest Revenue $11,161 $11,998 $13,271 (7)% (16)% Non Interest Revenue (5,756) 8,392 (7,625) NM 25% Net Revenues 5,405 20,390 5,646 (73)% (4)% Operating Expenses 12,314 11,824 24,642 4% (50)% Net Credit Losses 7,135 7,969 6,143 (10)% 16% Net LLR Build (1) ,958 (6)% (87)% PB&C (9)% (51)% Credit Losses, Claims and Benefits 8,184 9,095 12,695 (10)% (36)% Income Taxes (7,353) (1,122) (10,698) NM 31% Income from Cont. Ops. (7,740) 593 (20,993) NM 63% Net Income $(7,579) $101 $(17,263) NM 56% Net Income Available to Common (7,766) (3,242) (17,891) NM 57% Diluted EPS from Cont. Ops. (2, 3) $(0.34) $(0.23) $(4.04) (48)% 92% Diluted EPS (2, 3) $(0.33) $(0.27) $(3.40) (22)% 90% (1) Includes provision for unfunded lending commitments. (2) 3Q 09 Includes $(2.2)B impact to common shareholders from the completion of all stages of the exchange offers, net of $851MM gain flowing through net income. (3) Diluted shares used in the diluted EPS calculation represent basic shares due to the negative income available to common shareholders. Using actual diluted shares would result in anti-dilution. Note: Totals may not sum due to rounding. 3

5 Citigroup Financial Summary ($MM) Citicorp Citi Holdings 4Q'09 3Q'09FY Q'09 3Q'09FY 2009 Net Revenues $11,652 $13,025 $60,206 $4,739 $6,694 $30,635 Operating Expenses 8,498 8,181 31,725 3,260 3,202 14,677 Net Credit Losses 1,564 1,718 6,079 5,570 6,250 24,660 Net LLR Build (1) , ,566 PB&C ,210 Credit Losses, Claims and Benefits 1, ,197 8, , ,898 31,436 Income Before Taxes 1,568 2,647 19,654 (5,121) (3,406) (15,478) Net Income $1,687 $2,284 $14,711 $(2,472) $(1,867) $(8,266) EOP Assets $1,079 $1,014 $547 $617 EOP Deposits (1) Includes provision for unfunded lending commitments. Note: Corporate/Other not shown. Net income was $(7,026) million in 4Q 09, $102 million in 3Q 09 and $(7,606) million for For more details please refer to slide 13. 4

6 Citicorp N.A. Regional Consumer Banking ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues Managed (1) N.A. Regional Consumer Banking: Managed revenues down 5% QoQ Cards revenues $2,386 $2,484 (4)% $2,485 (4)% due to CARD Act impact and Total revenues 3, ,554 (5)% 3,449 (2)% lower banking revenues NCLs 2,035 2,156 (6)% 1,444 41% GAAP cards revenue decreased QoQ mainly driven by impact from Revenues $1,642 $1,754 (6)% $1,847 (11)% implementation of CARD Act, partly Cards (6)% 883 (27)% offset by lower losses flowing through Retail Banking 1,000 1,070 (7)% 964 4% the securitization trusts Expenses 1,336 1,331 0% 3,881 (66)% Credit Costs % 370 (3)% Net Income $9 $163 (94)% $(2,048) NM Cards (101) 13 NM (55) (84)% Retail Banking (27)% (1,993) NM Key Indicators ($B): Avg. Deposits $145.9 $ % $ % RB Avg. Loans (1)% % Cards Avg. Mgd. Loans (1) % 82.6 (1)% Purchase Sales (1)% 46.0 (9)% Retail Banking revenue decline QoQ mainly due to lower yield on corporate treasury placements associated with deposits Expenses Flat versus prior quarter. 4Q 08 includes $2.3B goodwill impairment Credit costs Managed NCLs improved $121MM QoQ, in part due to loss mitigation efforts (1) Managed metrics are non-gaap financial measures. Please see slides 38 and 39 for additional information on these metrics. 5

7 Citicorp Int l Regional Consumer Banking ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues Revenues $4,078 $3,921 4% $3,863 6% Continued QoQ improvement in most EMEA (7)% 398 (3)% drivers across all regions and Latin America 1,918 1,826 5% 1,852 4% FX impact Asia 1,774 1,680 6% 1,613 10% Expenses 2,477 2,216 12% 6,692 (63)% Expenses Credit Costs 1,156 1,435 (19)% 1,441 (20)% QoQ driven by selective investment spending in Asia and Latin America, Net Income $466 $452 3% $(3,860) NM repositioning, and FX impact EMEA (43) (23) (87)% (37) (16)% Latin America % (4,215) NM Credit costs Asia % % QoQ improvement across all regions Product Revenues: Cards $1,742 $1,676 4% $1,686 3% Retail Banking 2,336 2,245 4% 2,177 7% Key Indicators ($B): Avg. Deposits $142.4 $ % $ % RB Avg. Loans % % Cards Avg. Loans % % Purchase Sales % % Asia: Lower by $47MM due to lower NCLs in both Cards and Retail Banking Latin America: Improvement of $174MM primarily driven by Mexico Cards EMEA: Better by $58MM due to lower net LLR build in Retail Banking 6

8 Citicorp Securities and Banking ($MM) 4Q'09 3Q'09 % FY 2009 % Revenues Fixed Income Markets: Ex-CVA, Product Revenues Ex-CVA: down 36% QoQ, driven by overall Investment Banking $1,458 $1,163 25% $4,763 47% decline in volume and volatility Equity Markets 732 1,324 (45)% 5,373 97% Equity Markets: Ex-CVA, down 45% Fixed Income Markets 2,990 4,705 (36)% 21,075 56% QoQ, driven by overall decline in Lending volume and volatility (197) (699) 72% (2,153) NM Investment Banking: Up 25% QoQ, Private Bank % 2,098 (8)% with equity underwriting up $0.4B Other (194) (482) 60% (1,740) 18% and advisory up 13%. Ranked #3 in completed M&A for 2009 Regional Revenues Ex-CVA: (1) Lending: Revenue improvement North America $1,964 $2,160 (9)% $11,329 NM QoQ reflected lower CDS losses EMEA 1,718 2,746 (37)% 10,414 NM Private Bank: Capital markets Latin America % 2,842 NM revenues offset spread compression Asia 909 1,025 (11)% 4,832 NM Total Revenues Ex-CVA $5,353 $6,570 (19)% $29,416 23% Expenses Roughly flat QoQ; FY 09 down 17% CVA (1,897) (1,677) 13% (1,770) NM Revenues 3,457 4,893 (29)% 27,646 11% Expenses 3,473 3,493 (1)% 13,053 (17)% Credit Costs (86)% 1,711 (7)% Credit costs Down significantly reflecting continued stabilization of the corporate credit portfolio. NCLs declined $113MM QoQ; net LLR release of $118MM in the quarter Net Income $300 $737 (59)% $9,097 53% (1) CVA was primarily allocated to North America prior to 2009, hence the regional year on year comparison is not meaningful. Note: Totals may not sum due to rounding. 7

9 Citicorp Transaction Services ($MM) 4Q'09 3Q'09 % FY 2009 % Revenues Revenues North America EMEA $2, $2, % (1)% (1)% $9,789 2,526 3, (2)% 17% (8)% TTS: Down 2% QoQ due to low interest rate environment and spread compression Latin America % 1,373 (5)% SFS: Up 7% QoQ driven by gain on Asia % 2,501 (6)% sale of NikkoCiti Trust and improvement in market/volumes Expenses 1,212 1,141 6% 4,515 (12)% Expenses Credit Costs 8 (7) NM 7 (80)% N.I. from Cont. Ops. $919 $939 (2)% $3,736 11% North America (5)% % EMEA (2)% 1,287 3% Credit costs Latin America (1)% 604 3% Asia (2)% 1,230 3% QoQ growth of 6% driven by increased technology spending, higher volumes, and repositioning Stable with small LLR build Product Revenues: TTS 1,764 1,794 (2)% 7,101 7% Avg. deposits and other customer liability balances up 7% QoQ Q to $335B SFS % 2,688 (18)% Assets under custody flat QoQ Key Indicators: Avg. Deposits ($B) % EOP AUCs ($T) % 8

10 Citi Holdings Asset Summary EOP Assets ($B) 4Q 09 % Total $(351)B Brokerage & Asset Management $35 6% Morgan Stanley Smith Barney JV 26 5 Retail Alt. Inv. / Latam Asset Mgmt. 9 2 Local Consumer Lending $358 65% North America Mortgages Student 31 6 Cards (Retail Partners) 38 7 Personal & Other 25 5 Auto 14 3 Commercial lreal lestate t 11 2 Other (1) 13 2 EMEA 29 5 Asia 12 2 Special Asset Pool $154 28% Securities at AFS/HTM 48 9 Loans, Leases & LCs 33 6 Mark-to-Market 31 6 Other 42 8 Total $ % (1) Includes Primerica. Note: Totals may not sum due to rounding. 9

11 Holdings Brokerage & Asset Management EOP Assets ($B) Asset Composition $(33)B Retail Alternative Investments 8% 17% Latin America Asset Management 35 75% MS Smith Barney JV 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 (1) ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues QoQ decrease of $245MM, driven by absence of Revenues Expenses $ $ (37)% (2)% $1,472 2,699 (71)% (87)% Managed Futures gain recorded in 3Q 09 Expenses Credit Costs % 50 (24)% Net Income $89 $123 (28)% $(741) NM Key Indicators: EOP Deposits % 58 3% 4Q'08 NAM impairment charge of $0.9B Credit costs QoQ up $11MM, reflecting a net LLR release recorded in 3Q 09 YoY impact from absence of Smith Barney (1) Closing of the Nikko Cordial Securities and Nikko Asset Management transactions were the main drivers of the asset decrease. 10

12 Holdings Local Consumer Lending EOP Assets ($B) Asset Composition $(126)B Primerica International Student Loan Corp Retail Partners Cards CitiFinancial 9% 11% 3% 4% 11% 11% 4% 47% CRE CitiMortgage 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Auto ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues $4,152 $4,647 (11)% $5,297 (22)% Expenses 2,685 2,611 3% 5,879 (54)% Credit Costs 5,769 5,805 (1)% 7,310 (21)% Net Income $(2,341) $(2,112) (11)% $(4,887) 52% Managed (1) Local Consumer Lending: Mgd. Revs 4,885 5, (13)% 6,121 (20)% Mgd. NCLs 5,738 6,066 (5)% 4,897 17% Revenues QoQ decline of 11% driven by NIM compression and lower balances Expenses QoQ increase of 3% reflects higher collections expense for N.A. residential mortgages and repositioning costs 4Q 08 goodwill impairment charge of $3.0B Credit costs QoQ decline in managed NCLs of 5%, driven by N.A. mortgages, Int l, and Retail Partners Cards (1) Managed metrics are non-gaap financial measures. Please see slide 39 for additional information on these metrics. 11

13 Holdings Special Asset Pool EOP Assets ($B) Asset Composition $(192)B Consumer & SMEs 4% Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Equity 7% SIVs 10% Monolines 1% Highly Lev 2% Fin. Commit. Mark-to-Market 4% Other 31% 21% 20% Securities at AFS/HTM Loans, leases & Letters of Credit at HFI/HFS ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues $162 $1,377 (88)% $(11,732) NM Expenses (3)% 213 6% Credit Costs 793 1,066 (26)% 2,589 (69)% Net Income $(220) $122 NM $(8,788) 97% Adjusted Revenues: Net Marks 180 1,548 (88)% (11,582) NM Adj. Revs. (18) (171) 89% (150) 88% Revenues QoQ decline reflects lower positive net revenue marks. Credit Costs Sequential decline driven by lower NCLs and a net LLR release, reflecting continued stability in the corporate portfolio and declining volumes Assets Down $197B from peak in 4Q 07 Completed ~$10B asset sales at or above marks in the 4Q 12

14 Corporate / Other ($MM) 4Q'09 3Q'09 % 4Q'08 % Revenues $(10,986) $671 NM $(51) NM Net Income $(7,026) $102 NM $(774) NM Balance Sheet (EOP $B): Revenues included a $10.1B pre-tax loss from TARP repayment and exiting of loss-sharing agreement with USG 3Q 09 revenues included a $1.4B gain from exchange offers Assets (11)% 222 4% Cash and deposits with banks represent 48% Deposits (13)% 18 (28)% of Corporate / Other assets 13

15 Citigroup Provisions (1) ($B) (2) Net Credit Losses Loan Loss Reserves PB&C Corporate (0.1) 0.3 (0.3) Q'08 3Q'09 4Q' Consumer Q'08 3Q'09 4Q'09 1Q'08 Q08 2Q'08 Q08 3Q'08 4Q'08 Q08 1Q'09 Q09 2Q'09 Q09 3Q'09 4Q'09 Q09 (1) Provisions for Credit Losses and for Benefits and Claims. (2) Loan Loss Reserves include provision for unfunded lending commitments and credit reserve builds/releases. Note: Totals may not sum due to rounding. 14

16 Citigroup Consumer Credit Trends EOP Loans ($B) NCL Ratio Loan Loss Reserve Ratio 644% 670% 6.24% 6.44% 6.70% 5.29% 4.61% 3.83% 5.88% 5.73% 5.50% 3.15% 4.95% 262% 2.62% 412% 4.12% 3.57% 2.58% 2.95% Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Note: The 2009 fourth quarter includes a reduction of approximately $335 million related to securitizations and approximately $400 million related to the sale or transfers to held-for-sale of U.S. Real Estate Lending Loans. NCLs as a % of average loans; Loan Loss Reserves as a % of EOP loans. 15

17 Citigroup Consumer Credit Coverage and Credit Losses 12.3 NCLs Holdings ($B) NCLs Citicorp ($B) Months of Coverage (1) Managed NCLs ($B) N.A N.A Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 3Q'09 4Q'09 Int l 2.1 (2) 8.9 Int l 1.9 (1) Months of coverage: current reserve balance / (current period net credit losses / 3). (2) Managed metrics are non-gaap financial measures. Please see slide 39 for additional information on these metrics. Note: SAP consumer NCLs booked in North America. Totals may not sum due to rounding. 16

18 Citigroup Int l Consumer Credit Trends ($B) Citicorp Asia Consumer Banking Citicorp Latin America Consumer Banking 90+DPD NCL 90+DPD NCL $1.06 $0.65 $0.94 $0.94 $0.48 $0.51 $0.57 $0.59 $0.87 $0.93 $0.92 $0.47 $0.48 $0.51 $0.81 $0.83 $0.35 $0.35 $0.56 $0.64 $0.31 $0.54 $0.54 $0.61 $0.66 $0.63 $0.21 $0.24 $0.26 $0.26 $0.27 $0.47 Avg. 3Q 09 4Q 09 Avg. 3Q 09 4Q 09 Loans $64.3 $67.2 Loans $28.8 $30.1 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Citicorp EMEA Consumer Banking Holdings International ti LCL 90+DPD NCL 90+DPD NCL Avg. 3Q 09 4Q 09 Loans $8.7 $8.5 $0.05 $0.07 $0.07 $0.08 $0.11 $0.05 $ $0.06 $0.09 $0.09 $0.16 $0.15 $0.14 $0.12 $0.14 $0.14 $0.89 $0.66 $1.15 $0.99 $1.03 $1.36 $0.70 $0.74 $0.74 $0.83 $1.54 $1.45 $1.35 $0.98 $0.97 $0.80 Avg. 3Q 09 4Q 09 Loans $39.5 $36.3 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 17

19 Managed N.A. Cards Consumer Credit Trends Citicorp ($B) 90+DPD NCLs $1.42 $1.38 $1.00 $1.15 $1.51 $1.23 $1.81 $1.39 $2.09 $2.15 $1.69 $2.06 $2.08 $1.97 $2.14 $1.95 Avg. Mgd. Loans: (1) 3Q 09: $81.2 4Q 09: $81.7 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Citi Holdings ($B) 90+DPD NCLs $2.13 $2.29 $2.13 $2.10 $2.18 $1.61 $1.56 $ $1.29 $1.73 $1.46 $1.62 $1.96 $2.15 $2.00 $1.96 Avg. Mgd. Loans: (1) 3Q 09: $59.8 4Q 09: $58.2 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 Unemployment Rate 5.1% 5.5% 6.1% 7.2% 8.5% 9.5% 9.8% 10.0% (1) Managed metrics are non-gaap financial measures. For additional information on these metrics please see pages 38 and 39 of Citigroup s 4Q 09 quarterly financial data supplement. 18

20 Citi Holdings N.A. Mortgage Credit Trends 1 st Mortgages ($B) Avg. Loans: 3Q 09: $ Q 09: $121.3 $3.48 $ DPD $5.26 NCLs $6.47 $8.09 $8.57 $10.57 $11.94 $0.36 $0.49 $0.75 $0.87 $1.00 $1.27 $1.10 $1.07 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 2 nd Mortgages ($B) 90+DPD Avg. Loans: 3Q 09: $58.3 4Q 09: $56.0 $1.35 $1.18 $1.06 $0.52 $0.60 $0.66 NCLs $1.58 $0.80 $1.92 $1.92 $1.72 $1.16 $1.13 $0.93 $1.60 $0.99 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 S&P/Case-Shiller Home Price Index (1) (13.8)% (14.9)% (16.5)% (18.4)% (19.1)% (14.9)% (8.9)% n/a (1) Year-over-year change in the S&P Case-Shiller index of U.S. National Values. Fourth quarter 2009 not yet available. Note: Loans 90+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies because the potential loss predominantly resides with the U.S. agencies. 19

21 Citi Holdings N.A. Mortgage Delinquencies First Mortgage Delinquencies (1) ($B) Days Past Due: DPD Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 (1) Loans 90+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies because the potential loss predominantly resides with the U.S. agencies. Note: Totals may not sum due to rounding. 20

22 Citigroup Assets (EOP $Tr) Citicorp Holdings Corp/Other Cash & Deposits with Banks % Assets 4.7% 5.4% 6.9% 10.3% 10.5% 11.3% 12.9% 10.4% Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 (1) Net Interest Revenue as a % of Average Interest-Earning Assets (NIM) 2.82% 3.17% 3.15% 3.26% 3.33% 3.24% 2.95% 2.65% (1) Preliminary. Note: Totals may not sum due to rounding. 21

23 Citigroup Key Capital Metrics Tier 1 Capital Total Capital Tier 1 Common (1) Tangible Common Equity (1) 15.7% 15.6% 16.6% 16.6% 15.3% 11.2% 7.7% 12.3% 8.7% 11.7% 82% 8.2% 11.9% 11.9% 12.7% 12.8% 10.3% 9.1% 11.7% 9.6% 10.9% 4.2% 4.4% 4.1% 4.3% 3.9% 3.7% 3.1% 3.0% 2.3% 2.2% 4.0% 2.7% 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 (2) (1) Tier 1 Common and Tangible Common Equity are non-gaap financial measures. Please see slide 40 for additional information on these metrics. (2) Preliminary. Based on information available as of December 31, 2009, on a pro forma basis the adoption of FAS 166/167 is expected to reduce 4Q 09 Tier 1 Capital by ~140 basis points, Total Capital by ~150 basis points, and Tier 1 Common by ~140 basis points. 22

24 Conclusions Repaid TARP and exited loss-sharing agreement Continue to make progress on our strategy Selective investments in Citicorp: Asia, Latin America, GTS Largest quarterly decrease in Citi Holdings assets; reduction of $351B since 1Q 08 Revenue growth in Asia and Latin America, clients remain engaged Sustained expense discipline Consumer credit costs: International trends continue to improve N.A. trends stabilizing; uncertain economic environment and future impact of forbearance programs Strong capital and liquidity 23

25 APPENDIX Table of Contents 25. Citigroup Deposits 26. Adjusted ROA 27. Citigroup Asset Transfer 28. Citigroup Int l Consumer Credit 29. Citicorp RCB Average Loans 30. Citi Holdings LCL Loan Composition 33. Citi Holdings SAP Assets (cont.) 34. Citicorp S&B Revenue Marks 35. Citi Holdings Revenue Marks 36. Citigroup Credit Value Adjustment 37. Summary of Press Release Disclosed Items Non-GAAP Financial Measures 31. Citi Holdings LCL International Average Loans 32. Citi Holdings SAP Assets 24

26 Citigroup Deposits (EOP $B) Citicorp Holdings Corp/Other Disc Ops Deposits % Loans (1) 113% 116% 108% 111% 122% 133% 142% 150% Q'08 2Q'08 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 (2) (1) Deposits as a percentage of net loans. (2) Preliminary. 25

27 Adjusted Return on Assets Regional Consumer Banking Avg ROA 2009 Avg. Mgd. (1) ROA ex-llr (2,3) ex-llr (4,5) Assets ($B) North thamerica Cards 2.1% 0.2% $86 Retail Banking International Cards 5.0% 1.5% $36 Retail Banking Securities & Banking 0.6% 1.4% $746 GTS 2.8% 6.1% $62 Citicorp 1.1% 1.6% $1,072 Corp/Other (6) NM (1.0)% $225 Total 0.9% 1.2% $1,297 (1) Managed metrics are non-gaap financial measures. Please see slide 41 for additional information on these metrics. (2) 2006 & 2007 exclude impact of loan loss reserve builds (LLR), tax affected at 35%; 2007 excludes impact of net revenue marks, tax affected at 35%. (3) 2006 average managed assets based on four point average of 1Q06-4Q06 EOP managed assets; 2007 average managed assets based on five point average of 4Q06-4Q07 EOP managed assets. (4) 2009 excludes impact of LLR, net revenue marks, TARP repayment and exiting of loss-sharing agreement and preferred exchange gain; marks & LLR tax affected at 35%. Preferred exchange pre-tax impact of $1.4B. TARP repayment and exiting of losssharing agreement pre-tax impact of ($10.1B). (5) 2009 average managed assets based on five point average of 4Q08-4Q09 EOP managed assets. (6) Corporate/Other includes Corporate Treasury (i.e. Citigroup funding expenses, funding costs for non-interest bearing assets), net expenses of global functions and intercompany eliminations. 26

28 Citigroup 1Q 10 Asset Transfer Estimated as of 12/31/09 Preliminary numbers Asset $B Transferred to Brokerage and Asset Management ~$5 Afore and Seguros Banamex 5 Regional Consumer Bnkg. Special Asset Pool ~$19 Securities & Loans 17 Securities and Banking Commercial Loans 2 Regional Consumer Bnkg. Local Consumer Lending ~$37 N.A. Mortgages 34 Regional Consumer Bnkg. Other 3 Regional Consumer Bnkg. Total ~$61 Assets in Conduits (off-balance sheet) ~$14 Securities and Banking Note: Totals may not sum due to rounding. 27

29 Citigroup Int l Consumer Credit 4Q 09 Citicorp Rank % of Total 90+DPD Ratio NCLRatio % of Total ANR ANRs 4Q 09 3Q 09 4Q 09 3Q 09 NCLs Korea % 0.3% 0.5% 0.9% 1.4% 4.3% Mexico Australia Singapore India Brazil Taiwan Malaysia Hong Kong Japan % 1.5% 1.5% 4.0% 4.5% 70.1% Citi Holdings UK % 6.1% 6.0% 6.0% 7.4% 21.4% Japan Spain Belgium Greece % 4.1% 3.9% 8.5% 9.6% 77.2% Note: For 4Q 09, Citicorp total ANR of $105.8B and total NCLs of $1.1B, Citi Holdings total ANR of $36.9B and total NCLs of $0.8B. 28

30 Citicorp RCB (1) Average Loans 4Q 09 North America (2) $89.0B EMEA $8.5B Cards Commercial Cards 3% 92% Banking 36% 1% Other 2% 2% Mortgages Personal Personal 38% 21% 4% Commercial Banking Other 1% Mortgages Latin America $30.1B Asia $67.2B Commercial 29% Cards 26% Banking 18% Commercial Banking Cards 40% 5% 10% Other Personal 12% 6% Other 16% Mortgages g 38% Personal Mortgages (1) Regional Consumer Banking. (2) Managed basis. Managed metrics are non-gaap financial measures. Please see slide 38 for additional information on these metrics. 29

31 Citi Holdings LCL Loan Composition 4Q 09 ($B) EOP Loans NCL % of Total 90+ 4Q 09 3Q 09 2Q 09 Ratio NCLs DPD% (1) N.A. Loans $260.3 $273.4 $ % 82.8% 6.55% First mortgages Second mortgages Student Cards (Retail Partners) Personal & Other Auto Commercial Real Estate t International $33.1 $37.3 $ % 17.2% 4.06% EMEA Asia Latin America Total $293.4 $310.7 $ % 100% 6.26% (1) Loans 90+ Days Past Due exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. Note: Totals may not sum due to rounding. 30

32 Citi Holdings LCL International Avg. Loans 4Q 09 EMEA by Type Asia by Type Other 4% 36% Cards Personal 57% 1% Other 11% Commercial Personal 34% 26% Real Estate 31% Real Estate 4Q 09 Total: $26B 4Q 09 Total: $10B 31

33 Citi Holdings SAP Assets EOP Assets 4Q 09 ($B) Face EOP Assets 4Q 09 3Q 09 2Q 09 Value (% of Face) Securities at AFS/HTM (1) $ 47.9 $ 54.9 $ 64.7 $ % Corporates % Prime and Non-U.S. MBS % Auction Rate Securities % Alt-A mortgages % Government Agencies % Other Securities (2) % Loan, leases & LC at HFI/HFS (3) $ 33.1 $ 41.3 $ 44.6 NM NM Corporates % Commercial Real Estate % Other % Loan Loss Reserves (4.1) (4.0) (4.1) NM NM Mark-to-Market $ 30.7 $ 38.5 $ 42.1 NM NM Subprime securities % Other Securities (4) % Derivatives NM NM Loans, Leases and Letters of Credit % Repurchase agreements NM NM Highly Lev. Fin. Commitments $ 2.8 $ 3.5 $ % Equities (excludes ARS at AFS) $ 11.3 $ 12.9 $ 13.8 NM NM SIVs $ 16.0 $ 16.2 $ % Monolines $ 1.0 $ 1.3 $ 1.7 NM NM Consumer and Other (5) $ 11.6 $ $ 13.2 NM NM Total $ $ $ (1) AFS accounts for approximately 1/3 of the total. (2) Includes CRE ($2.1B), Municipals ($1.1B) and ABS ($1.5B). (3) HFS accounts for approximately $0.9B of the total. (4) Includes $1.9B of Corporates and $0.7 of CRE. (5) Includes $4.6B of Small Business Banking & Finance loans. Note: Totals may not sum due to rounding. 32

34 Citi Holdings SAP Assets 4Q 09 Commercial Real Estate: $25.4B Alt-A: $8.8B (1) HFI/HFS Loans 63% 9% 12% AFS/HTM Securities 3% MTM 06 Vintage 70% 27% 04 Vintage 05 Vintage 16% Equity Equities: $11.3B SIVs: $16.0B Hedge Funds 11% Private Equity 35% 18% 36% CRE Other Financial Institutions Debt (1) Composed of $8.7B in AFS and $0.1B in Trading. (2) No direct exposure to U.S. subprime assets and approximately $21 million of indirect exposure to subprime assets through CDOs. Structured Products (2) : 61% 21% MBS 39% 15% 8% Student Loans Credit Cards 7% CMBS 4% 6% CBOs/CLOs /CDOs Other 33

35 Citicorp S&B Revenue Marks ($MM) 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 MTM on sub-prime related direct exposures Monoline Credit Value Adjustment (CVA) MTM on highly lev d finance commitments MTM on Alt-AA mortgages (1) (216) (48) (221) (252) Mark to market on ARS MTM on CRE (18) (65) (32) 20 (22) MTM on SIVs CVA on Citi Liabilities at Fair Value Option (2) 1,279 (228) 1,526 1, (1,452) (955) (1,764) Derivatives CVA (3) (165) 48 1,178 (4,353) 2, (722) (133) PE & Equity Inv. (64) (6) (50) (257) (62) Gross Revenue Marks 816 (299) 2,564 (2,891) 2,712 (776) (1,436) (1,679) Non-credit Accretion (4) Net Revenue Marks 816 (299) 2,564 (2,891) 2,712 (776) (1,436) (1,679) (1) Net of hedges. (2) 4Q 09 includes $840 million adjustment to the CVA balance, reflecting correction of prior periods. (3) Includes Private Bank. (4) Booked in the net interest revenue line. Note: The revenue and (after-tax impact) of the Company's CVA correction, which reduced revenues and net income in the fourth quarter of 2009 by $840 million ($518 million), respectively related to the quarters in 2008 and 2009 as follows: $7 million ($4 million), $58 million ($36 million), $97 million ($60 million), and $44 million ($27 million), for the first, second, third and fourth quarters of 2008, respectively, and $198 million ($122 million), $115 million ($71 million) and $197 million ($121 million) for the first, second and third quarters of 2009, respectively. The revenue impact and (after-tax impact) of the Company's CVA correction related to 2007 was $124 million ($77 million). Excludes Discontinued Operations. 34 Note: Totals may not sum due to rounding.

36 Citi Holdings Revenue Marks ($MM) 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 MTM on sub-prime related direct exposures (1) (5,912) (3,395) (394) (4,582) (2,296) 613 1, Monoline Credit Value Adjustment (CVA) (1,491) (2,428) (920) (897) (1,090) 157 (61) (306) MTM on highly lev d finance commitments (2) (3,078) (428) (792) (594) (247) (237) (24) (13) MTM on Alt-AA mortgages (3, 4) (799) (277) (932) (1,067) (503) (390) (196) (362) Mark to market on ARS (4) (1,457) 197 (166) (306) (23) MTM on CRE (3, 5, 6) (555) (480) (649) (1,214) (387) (354) (594) (191) MTM on SIVs (212) 11 (2,004) (1,064) (47) 50 (40) (43) CVA on Citi Liabilities at Fair Value Option (18) (156) (64) (14) Derivatives CVA (102) 52 (64) (945) PE & Equity Inv. (7) (129) 183 (430) (1,820) (1,117) (37) (20) 26 Gross Revenue Marks (13,735) (6,565) (6,351) (12,256) (5,414) 451 1,011 (254) Non-credit Accretion (8) Net Revenue Marks (13,735) (6,565) (6,351) (12,066) (4,873) 952 1, Note: All marks booked in SAP unless otherwise stated. Excludes Discontinued Operations. (1) Net of impact from hedges against direct subprime ABS CDO super senior positions. (2) Net of underwriting fees. (3) Net of hedges. (4) Excludes writedowns of $306 million in 3Q 08, $87 million in 4Q 08, $3 million in 1Q 09, $3 million in 2Q 09, $6 million in 4Q 09 and $6.3 million gain in 3Q 09 arising from the ARS legal settlements. (5) Excludes positions in SIVs. (6) 4Q 09: $8 million booked in BAM, $(199) million booked in SAP. (7) 4Q 09: $8 million booked in BAM, $18 million in SAP. (8) Booked in the net interest revenue line. Note: Totals may not sum due to rounding. 35

Second Quarter 2011 Earnings Review. July 15, 2011

Second Quarter 2011 Earnings Review. July 15, 2011 Second Quarter 2011 Earnings Review July 15, 2011 Highlights Executing our strategy and making progress Citigroup earned $3.3B in 2Q 11 Challenging market environment, offset by growth in Consumer Banking

More information

CITIGROUP REPORTS FOURTH QUARTER 2011 NET INCOME OF $1.2 BILLION OR $0.38 PER SHARE 1, COMPARED TO $1.3 BILLION OR $0.43 IN FOURTH QUARTER 2010

CITIGROUP REPORTS FOURTH QUARTER 2011 NET INCOME OF $1.2 BILLION OR $0.38 PER SHARE 1, COMPARED TO $1.3 BILLION OR $0.43 IN FOURTH QUARTER 2010 On February 9, 2012, Citi announced an adjustment to its fourth quarter and full year 2011 financial results to reflect an additional $209 million of after-tax ($275 million pre-tax) charges to increase

More information

CITIGROUP REPORTS THIRD QUARTER 2013 EARNINGS PER SHARE OF $1.00; $1.02 EXCLUDING CVA/DVA 1 AND TAX BENEFIT 2

CITIGROUP REPORTS THIRD QUARTER 2013 EARNINGS PER SHARE OF $1.00; $1.02 EXCLUDING CVA/DVA 1 AND TAX BENEFIT 2 For Immediate Release Citigroup Inc. (NYSE: C) October 15, 2013 CITIGROUP REPORTS THIRD QUARTER 2013 EARNINGS PER SHARE OF $1.00; $1.02 EXCLUDING CVA/DVA 1 AND TAX BENEFIT 2 NET INCOME OF $3.2 BILLION;

More information

Fourth Quarter 2013 Earnings Review

Fourth Quarter 2013 Earnings Review Citi Investor Relations On February 28, 2014, Citi announced that it was adjusting downward its fourth quarter and full year 2013 financial results, from those reported on January 16, 2014, by an estimated

More information

CITIGROUP REPORTS SECOND QUARTER 2011 NET INCOME OF $3.3 BILLION, COMPARED TO $2.7 BILLION IN SECOND QUARTER 2010

CITIGROUP REPORTS SECOND QUARTER 2011 NET INCOME OF $3.3 BILLION, COMPARED TO $2.7 BILLION IN SECOND QUARTER 2010 For Immediate Release Citigroup Inc. (NYSE: C) July 15, 2011 CITIGROUP REPORTS SECOND QUARTER 2011 NET INCOME OF $3.3 BILLION, COMPARED TO $2.7 BILLION IN SECOND QUARTER 2010 EARNINGS PER SHARE 1 OF $1.09

More information

Fourth Quarter 2015 Earnings Review

Fourth Quarter 2015 Earnings Review Citi Investor Relations Fourth Quarter 2015 Earnings Review January 15, 2016 Overview Fourth quarter shows continued progress in a challenging environment Solid Institutional performance with underlying

More information

CITI REPORTS FIRST QUARTER NET LOSS OF $5.1 BILLION, LOSS PER SHARE OF $1.02

CITI REPORTS FIRST QUARTER NET LOSS OF $5.1 BILLION, LOSS PER SHARE OF $1.02 CITI REPORTS FIRST QUARTER NET LOSS OF $5.1 BILLION, LOSS PER SHARE OF $1.02 NET LOSS PRIMARILY DRIVEN BY FIXED INCOME RESULTS AND HIGHER CONSUMER CREDIT COSTS CONTINUED BUSINESS VOLUME MOMENTUM RECORD

More information

CITIGROUP REPORTS FOURTH QUARTER 2015 EARNINGS PER SHARE OF $1.02; $1.06 EXCLUDING CVA/DVA 1

CITIGROUP REPORTS FOURTH QUARTER 2015 EARNINGS PER SHARE OF $1.02; $1.06 EXCLUDING CVA/DVA 1 For Immediate Release Citigroup Inc. (NYSE: C) January 15, 2016 CITIGROUP REPORTS FOURTH QUARTER 2015 EARNINGS PER SHARE OF $1.02; $1.06 EXCLUDING CVA/DVA 1 NET INCOME OF $3.3 BILLION; $3.4 BILLION EXCLUDING

More information

Guide to Reformatted Quarterly Financial Data Supplement

Guide to Reformatted Quarterly Financial Data Supplement 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

More information

CITIGROUP REPORTS FIRST QUARTER 2016 EARNINGS PER SHARE OF $1.10 NET INCOME OF $3.5 BILLION REVENUES OF $17.6 BILLION NET INTEREST MARGIN OF 2.

CITIGROUP REPORTS FIRST QUARTER 2016 EARNINGS PER SHARE OF $1.10 NET INCOME OF $3.5 BILLION REVENUES OF $17.6 BILLION NET INTEREST MARGIN OF 2. For Immediate Release Citigroup Inc. (NYSE: C) April 15, 2016 CITIGROUP REPORTS FIRST QUARTER 2016 EARNINGS PER SHARE OF $1.10 NET INCOME OF $3.5 BILLION REVENUES OF $17.6 BILLION NET INTEREST MARGIN OF

More information

CITI REPORTS FIRST QUARTER INCOME OF $5.01 BILLION, EPS OF $1.01 RECORD REVENUES OF $25.5 BILLION, UP 15% INTERNATIONAL REVENUES UP 18%

CITI REPORTS FIRST QUARTER INCOME OF $5.01 BILLION, EPS OF $1.01 RECORD REVENUES OF $25.5 BILLION, UP 15% INTERNATIONAL REVENUES UP 18% CITI REPORTS FIRST QUARTER INCOME OF $5.01 BILLION, EPS OF $1.01 RECORD REVENUES OF $25.5 BILLION, UP 15% INTERNATIONAL REVENUES UP 18% RECORD REVENUES AND NET INCOME IN MARKETS & BANKING AND WEALTH MANAGEMENT

More information

Fixed Income Investor Review

Fixed Income Investor Review Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer October 24, 2012 Highlights Quality earnings Net income of $0.5B $3.3B net income, excluding CVA/DVA, loss on MSSB

More information

FOURTH QUARTER NET INCOME INCREASES 12% TO A RECORD $5.32 BILLION FOURTH QUARTER EPS OF $1.02, UP 12% REVENUES INCREASE 9% TO $21.

FOURTH QUARTER NET INCOME INCREASES 12% TO A RECORD $5.32 BILLION FOURTH QUARTER EPS OF $1.02, UP 12% REVENUES INCREASE 9% TO $21. FOURTH QUARTER NET INCOME INCREASES 12% TO A RECORD $5.32 BILLION FOURTH QUARTER EPS OF $1.02, UP 12% REVENUES INCREASE 9% TO $21.9 BILLION CITIGROUP 2004 NET INCOME OF $17.0 BILLION, EPS OF $3.26 REVENUES

More information

Bank of America Merrill Lynch Banking & Financial Services Conference

Bank of America Merrill Lynch Banking & Financial Services Conference Citi Investor Relations Bank of America Merrill Lynch Banking & Financial Services Conference November 13, 2014 Jamie Forese Co-President, Citigroup CEO, Institutional Clients Group Agenda ICG Overview

More information

CITIGROUP REPORTS INCOME FROM CONTINUING OPERATIONS UP 11% WITH INTERNATIONAL REVENUES UP 17%

CITIGROUP REPORTS INCOME FROM CONTINUING OPERATIONS UP 11% WITH INTERNATIONAL REVENUES UP 17% CITIGROUP REPORTS INCOME FROM CONTINUING OPERATIONS UP 11% WITH INTERNATIONAL REVENUES UP 17% INCOME FROM CONTINUING OPERATIONS OF $5.26 BILLION; REVENUES INCREASE 10% EPS FROM CONTINUING OPERATIONS OF

More information

2015 Fourth Quarter Earnings. January 28, 2016

2015 Fourth Quarter Earnings. January 28, 2016 2015 Fourth Quarter Earnings January 28, 2016 Safe Harbor Statement Forward-Looking Statements Information in this presentation contains forward-looking statements. Any statements about our expectations,

More information

Ally Financial Inc. Auto Securitization - Corporate Overview

Ally Financial Inc. Auto Securitization - Corporate Overview Ally Financial Inc. Auto Securitization - Corporate Overview 3Q 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information

More information

ROTCE 1 14% Net payout LTM 3,4 52% Overhead ratio 1 59% Common equity Tier 1 1,2 11.0% Firmwide Balance Sheet CCB

ROTCE 1 14% Net payout LTM 3,4 52% Overhead ratio 1 59% Common equity Tier 1 1,2 11.0% Firmwide Balance Sheet CCB 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE REPORTS SECOND-QUARTER 2015 NET INCOME OF $6.3 BILLION, OR $1.54 PER SHARE,

More information

Morgan Stanley Reports Fourth Quarter and Full Year 2015:

Morgan Stanley Reports Fourth Quarter and Full Year 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Fourth Quarter and Full Year 2015: Fourth Quarter Net Revenues of $7.7 Billion and Earnings

More information

Morgan Stanley Reports Third Quarter 2015:

Morgan Stanley Reports Third Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Third Quarter 2015: Net Revenues of $7.8 Billion and Earnings per Diluted Share of $0.48

More information

Ally Financial Inc. 3Q 2015 Earnings Review

Ally Financial Inc. 3Q 2015 Earnings Review Ally Financial Inc. 3Q 2015 Earnings Review October 29, 2015 Contact Ally Investor Relations at (866) 710-4623 or investor.relations@ally.com Forward-Looking Statements and Additional Information The following

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 399 Park Avenue, New York, NY (Address of principal executive offices) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON,

More information

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated)

SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) SLM CORPORATION SUPPLEMENTAL FINANCIAL INFORMATION FIRST QUARTER 2006 (Dollars in millions, except per share amounts, unless otherwise stated) The following supplemental information should be read in connection

More information

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15

Citizens Financial Group, Inc. Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Reports First Quarter Net Income of $223 Million Diluted EPS of $0.41 up 8% vs. 1Q15 Positive operating leverage of 3% on a year-over-year Adjusted basis* Good traction continues on strategic growth and

More information

Quarterly Financial Supplement - 1Q 2016

Quarterly Financial Supplement - 1Q 2016 Quarterly Financial Supplement - 1Q 2016 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated

More information

Morgan Stanley Reports First Quarter 2016:

Morgan Stanley Reports First Quarter 2016: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports First Quarter 2016: Net Revenues of $7.8 Billion and Earnings per Diluted Share of $0.55

More information

Morgan Stanley Reports First Quarter 2015:

Morgan Stanley Reports First Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports First Quarter 2015: Net Revenues of $9.9 Billion and Earnings per Diluted Share from

More information

FOURTH QUARTER 2015 FINANCIAL SUPPLEMENT

FOURTH QUARTER 2015 FINANCIAL SUPPLEMENT FOURTH QUARTER 2015 FINANCIAL SUPPLEMENT 1 FORWARD-LOOKING STATEMENTS AND ADDITIONAL INFORMATION The following should be read in conjunction with the financial statements, notes and other information contained

More information

Morgan Stanley Reports Full-Year and Fourth Quarter 2010:

Morgan Stanley Reports Full-Year and Fourth Quarter 2010: Media Relations: Jeanmarie McFadden 212-761-2433 Investor Relations: Celeste Mellet Brown 212-761-3896 Morgan Stanley Reports Full-Year and Fourth Quarter 2010: Full-Year Net Revenues of $31.6 Billion

More information

THIRD-QUARTER 2015 NET INCOME OF $5.4 BILLION, OR $1.32 PER SHARE, AND ROTCE OF 12% EXCLUDING TAX BENEFITS, LEGAL EXPENSE AND NET RESERVE RELEASES 1

THIRD-QUARTER 2015 NET INCOME OF $5.4 BILLION, OR $1.32 PER SHARE, AND ROTCE OF 12% EXCLUDING TAX BENEFITS, LEGAL EXPENSE AND NET RESERVE RELEASES 1 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE REPORTS THIRD-QUARTER 2015 NET INCOME OF $6.8 BILLION, OR $1.68 PER SHARE,

More information

Morgan Stanley Reports Full-Year and Fourth Quarter Results

Morgan Stanley Reports Full-Year and Fourth Quarter Results Contact: Media Relations Investor Relations Jeanmarie McFadden Suzanne Charnas 212-762-6901 212-761-3043 Morgan Stanley Reports Full-Year and Fourth Quarter Results Full-Year Net Revenues of $23.4 Billion

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December

More information

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents

MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents Page # MORGAN STANLEY Financial Supplement - 4Q 2015 Table of Contents 1. Quarterly Consolidated Financial Summary 2. Quarterly Consolidated Income Statement Information 3. Quarterly Consolidated Financial

More information

JPMORGAN CHASE (JPM) 7 CONSUMER & COMMUNITY BANKING (CCB)

JPMORGAN CHASE (JPM) 7 CONSUMER & COMMUNITY BANKING (CCB) 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE REPORTS FOURTH-QUARTER 2015 NET INCOME OF $5.4 BILLION, OR $1.32 PER SHARE,

More information

BNY Mellon Third Quarter 2015 Financial Highlights

BNY Mellon Third Quarter 2015 Financial Highlights BNY Mellon Third Quarter 205 Financial Highlights October 20, 205 Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are forward-looking

More information

American International Group, Inc.

American International Group, Inc. Financial Supplement First Quarter 2012 This report should be read in conjunction with AIG s Report on Form 10-Q for the quarter ended March 31, 2012 filed with the Securities and Exchange Commission.

More information

Q4 and Full Year 2015 Earnings Conference Call

Q4 and Full Year 2015 Earnings Conference Call Q4 and Full Year 2015 Earnings Conference Call January 28, 2016 Forward-Looking Statements and Associated Risk Factors We make statements in this presentation regarding our outlook or expectations for

More information

Morgan Stanley Reports Fourth Quarter and Full Year 2014:

Morgan Stanley Reports Fourth Quarter and Full Year 2014: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Fourth Quarter and Full Year 2014: Subsequent to the release of Morgan Stanley s fourth

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE CITIGROUP REPORTS FIRST QUARTER CORE INCOME OF $3.66 BILLION ($0.71 PER SHARE, DILUTED) VS. $3.94 BILLION ($0.76 PER SHARE, DILUTED) IN THE FIRST QUARTER OF 2000 INCOME FROM INVESTMENT

More information

DILUTED EPS $1.04, UP BY MORE THAN 50% FROM $0.68

DILUTED EPS $1.04, UP BY MORE THAN 50% FROM $0.68 FOR IMMEDIATE RELEASE Citigroup Reports Record Core Income for the First Quarter First Quarter Core Income Rises 49% to $3.6 Billion from $2.4 Billion Revenues up 19% to $17.5 Billion from $14.7 Billion

More information

Morgan Stanley Reports Second Quarter 2015:

Morgan Stanley Reports Second Quarter 2015: Media Relations: Michele Davis 212-761-9621 Investor Relations: Kathleen McCabe 212-761-4469 Morgan Stanley Reports Second Quarter 2015: Net Revenues of $9.7 Billion and Earnings per Diluted Share of $0.85

More information

GE Capital. Second quarter 2012 supplement

GE Capital. Second quarter 2012 supplement GE Capital Second quarter supplement Results are unaudited. This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements

More information

American International Group, Inc. Second Quarter 2008 Results Conference Call Presentation August 7, 2008

American International Group, Inc. Second Quarter 2008 Results Conference Call Presentation August 7, 2008 1 AIG F American International Group, Inc. Second Quarter 2008 Results Conference Call Presentation August 7, 2008 2 Cautionary Statement Regarding Projections and Other Information About Future Events

More information

FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FirstMerit Corporation Analysts: Thomas O Malley/Investor Relations Officer Phone: 330.384.7109 Media Contact: Robert Townsend/Media Relations Officer Phone: 330.384.7075 FirstMerit

More information

Second Quarter 2000 Earnings Review. July 19, 2000

Second Quarter 2000 Earnings Review. July 19, 2000 Second Quarter 2000 Earnings Review July 19, 2000 Second Quarter Highlights $3.0B Core Earnings 23% EPS growth 22% earnings growth in Global Consumer, 2% in GC&IB and 11% in GIM&PB 25% ROE $9 billion invested

More information

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation. April 23, 2012

SunTrust Banks, Inc. 1Q 2012 Earnings Presentation. April 23, 2012 SunTrust Banks, Inc. 1Q 2012 Earnings Presentation April 23, 2012 Important Cautionary Statement The following should be read in conjunction with the financial statements, notes and other information contained

More information

Supplementary Financial Information

Supplementary Financial Information Supplementary Financial Information For the period ended April 30, 2016 For further information, please contact: John Ferren, Senior Vice-President, Corporate CFO and Investor Relations (416) 980-2088

More information

CITI ANNUAL REPORT 2008

CITI ANNUAL REPORT 2008 CITI ANNUAL REPORT 2008 DEAR FELLOW SHAREHOLDERS, For a little more than a year, I have had the honor of leading Citi through some of the most challenging circumstances in its long history. I m acutely

More information

Citi 2016. 2016 Annual Stress Test Disclosure. Dodd Frank Wall Street Reform and Consumer Protection Act. June 23, 2016

Citi 2016. 2016 Annual Stress Test Disclosure. Dodd Frank Wall Street Reform and Consumer Protection Act. June 23, 2016 Citi 2016 2016 Annual Stress Test Disclosure Dodd Frank Wall Street Reform and Consumer Protection Act June 23, 2016 Overview 2016 Annual Stress Test In February 2016, the Federal Reserve Board (FRB) launched

More information

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 20, 2015

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 20, 2015 Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 20, 2015 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such

More information

2014 Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario

2014 Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario Citi 2014 2014 Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario September 15, 2014 2014 Mid-Cycle Stress Test Overview Under the stress testing requirements of the Dodd-Frank Wall Street

More information

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results

FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE FOR IMMEDIATE RELEASE: First Banks, Inc. Announces First Quarter 2014 Results FIRST BANKS, INC. ST. LOUIS, MISSOURI NEWS RELEASE Contacts: Terrance M. McCarthy Lisa K. Vansickle President and Executive Vice President and Chief Executive Officer Chief Financial Officer First Banks,

More information

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com

October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com October 21, 2015 MEDIA & INVESTOR CONTACT Heather Worley, 214.932.6646 heather.worley@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR Q3 2015 DALLAS - October 21, 2015

More information

Citi Investor Relations. Citi: Focus on Execution. March 5, 2013. Michael Corbat Chief Executive Officer

Citi Investor Relations. Citi: Focus on Execution. March 5, 2013. Michael Corbat Chief Executive Officer Citi Investor Relations Citi: Focus on Execution March 5, 2013 Michael Corbat Chief Executive Officer Highlights Citi s broad strategy remains the right one Aligned with global trends and needs of our

More information

American International Group, Inc.

American International Group, Inc. Financial Supplement Fourth Quarter 2013 All financial information in this document is unaudited. This report should be read in conjunction with AIG s Annual Report on Form 10-K for the year ended December

More information

First Quarter 2011 Results Underlying net profit increased 61.6% to EUR 1,492 mln

First Quarter 2011 Results Underlying net profit increased 61.6% to EUR 1,492 mln First Quarter 2011 Results Underlying net profit increased 61.6% to EUR 1,492 mln Jan Hommen CEO Amsterdam 5 May 2011 www.ing.com ING Group posted strong first-quarter results ING Group underlying net

More information

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion

Frankfurt am Main 29 April 2014. Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Release Frankfurt am Main 29 April 2014 Deutsche Bank reports first quarter 2014 income before income taxes of EUR 1.7 billion Group results Income before income taxes (IBIT) of EUR 1.7 billion, down 30%

More information

Exhibit Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015

Exhibit Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015 Exhibit 99.2 Regions Financial Corporation and Subsidiaries Financial Supplement Third Quarter 2015 Table of Contents Page Financial Highlights 1 Selected Ratios and Other Information 2 Consolidated Statements

More information

UFS. Acquisition of Travelers Life & Annuity and CitiInsurance International. Enhanced Scale, Distribution and Shareholder Value

UFS. Acquisition of Travelers Life & Annuity and CitiInsurance International. Enhanced Scale, Distribution and Shareholder Value UFS RR Acquisition of Travelers Life & Annuity and CitiInsurance International Enhanced Scale, Distribution and Shareholder Value January 31, 2005 Safe Harbor Statement These materials contain statements

More information

HP Q4 FY15 Earnings Announcement

HP Q4 FY15 Earnings Announcement HP Q4 FY15 Earnings Announcement November 24, 2015 http://www.hp.com/investor/home Forward-looking statements This presentation contains forward-looking statements that involve risks, uncertainties and

More information

Financial Data Supplement 2Q2013

Financial Data Supplement 2Q2013 Deutsche Bank Financial Data Supplement 2Q2013 30 July 2013 1 2 2Q2013 Financial Data Supplement Deutsche Bank consolidated Financial summary 2 Group Core Bank Non-Core Operations Unit 3 Consolidated Statement

More information

American Express ABS Investor Presentation. February 2011

American Express ABS Investor Presentation. February 2011 American Express ABS Investor Presentation February 2011 Agenda AXP Overview and Performance Capital and Liquidity ABS Overview 2 AXP Franchise American Express is a global service company that provides

More information

JPMORGAN CHASE REPORTS SECOND-QUARTER 2007 NET INCOME OF $4.2 BILLION; EARNINGS PER SHARE OF $1.20 UP BY 21% FROM THE PRIOR YEAR

JPMORGAN CHASE REPORTS SECOND-QUARTER 2007 NET INCOME OF $4.2 BILLION; EARNINGS PER SHARE OF $1.20 UP BY 21% FROM THE PRIOR YEAR 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com News release: IMMEDIATE RELEASE JPMORGAN CHASE REPORTS SECOND-QUARTER 2007 NET INCOME OF $4.2 BILLION; EARNINGS PER SHARE

More information

Ally Financial Reports Full Year and Fourth Quarter 2015 Financial Results

Ally Financial Reports Full Year and Fourth Quarter 2015 Financial Results Ally Financial Reports Full Year and Fourth Quarter 2015 Financial Results Full Year 2015 Financial Highlights Net income of $1.3 billion, up 12% compared to $1.2 billion Adjusted EPS of $2.00, up 19%

More information

GE Capital First quarter 2015 supplement

GE Capital First quarter 2015 supplement GE Capital First quarter 2015 supplement Results are unaudited. This document contains "forward-looking statements" that is, statements related to future, not past, events. In this context, forward-looking

More information

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results Investor Relations Contact: Jeremy Lucas 404.239.8626 / jeremy.lucas@statebt.com Fourth Quarter 2015 Highlights State Bank Financial Corporation Reports Fourth Quarter and Full Year 2015 Financial Results

More information

Development of the Client-Focused, Capital-Efficient Business Model

Development of the Client-Focused, Capital-Efficient Business Model Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary

More information

Citi Investor Relations. Credit Suisse Financial Services Forum. February 12, 2014. Jud Linville CEO, Citi Cards

Citi Investor Relations. Credit Suisse Financial Services Forum. February 12, 2014. Jud Linville CEO, Citi Cards Citi Investor Relations Credit Suisse Financial Services Forum February 12, 2014 Jud Linville CEO, Citi Cards Highlights Cards at Citi - World s largest card issuer - Unique global franchise Our Strategy

More information

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration

Northwest Bancshares, Inc. Announces Quarterly Earnings and Dividend Declaration EARNINGS RELEASE FOR IMMEDIATE RELEASE Contact: William J. Wagner, President and Chief Executive Officer (814) 726-2140 William W. Harvey, Jr., Executive Vice President and Chief Financial Officer (814)

More information

DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63

DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63 DISCOVER FINANCIAL SERVICES REPORTS FOURTH QUARTER RESULTS: NET INCOME OF $371 MILLION AND EARNINGS PER SHARE OF $0.63 Riverwoods, IL, Dec. 17, 2009 - Discover Financial Services (NYSE: DFS) today reported

More information

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Steve Virostek Investor Relations CSC 703-641-3000 investorrelations@csc.com CSC

More information

J A N U A R Y 1 8, 2 0 0 6 FINANCIAL RESULTS

J A N U A R Y 1 8, 2 0 0 6 FINANCIAL RESULTS J A N U A R Y 1 8, 2 0 0 6 FINANCIAL RESULTS Fourth Quarter 2005 Agenda Firm results 4Q 2006 Outlook Appendix 2 Fourth Quarter 2005 Earnings Operating earnings per share of $0.73 Card results reflect impact

More information

OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure

OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure OneWest Bank N. A. Dodd-Frank Act Stress Test Disclosure Capital Stress Testing Results Covering the Time Period October 1, through December 31, for OneWest Bank N.A. under a Hypothetical Severely Adverse

More information

A P R I L 2 0, 2005 FINANCIAL RESULTS. First Quarter 2005

A P R I L 2 0, 2005 FINANCIAL RESULTS. First Quarter 2005 A P R I L 2 0, 2005 FINANCIAL RESULTS First Quarter 2005 First Quarter 2005 Earnings Most businesses show good momentum over the last year IB revenues near record levels of 1Q04 with strength in trading

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549. Form 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549. Form 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event

More information

Global Consumer Bank. Manuel Medina-Mora CEO, Global Consumer Banking

Global Consumer Bank. Manuel Medina-Mora CEO, Global Consumer Banking Global Consumer Bank Manuel Medina-Mora CEO, Global Consumer Banking Bank of America Merrill Lynch Banking and Financial Services Conference November 16, 2011 Agenda Our Business & Results Investing in

More information

Frankfurt am Main 27 April 2010. Deutsche Bank reports first quarter 2010 net income of EUR 1.8 billion

Frankfurt am Main 27 April 2010. Deutsche Bank reports first quarter 2010 net income of EUR 1.8 billion Release Frankfurt am Main 27 April 2010 Deutsche Bank reports first quarter 2010 net income of EUR 1.8 billion Net revenues of EUR 9.0 billion, up 24% Second best quarterly income before income taxes of

More information

1Q 15 Financial Results April 17, 2015

1Q 15 Financial Results April 17, 2015 1Q 15 Financial Results April 17, 2015 Disclaimers Cautionary Statement Regarding Forward-Looking Statements The following slides are part of a presentation by Synchrony Financial in connection with reporting

More information

***FOR IMMEDIATE RELEASE***

***FOR IMMEDIATE RELEASE*** ***FOR IMMEDIATE RELEASE*** For: ZIONS BANCORPORATION Contact: James Abbott One South Main, 15th Floor Tel: (801) 524-4787 Salt Lake City, Utah Harris H. Simmons Chairman/Chief Executive Officer ZIONS

More information

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED

NEWS RELEASE BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $1.9 MILLION, OR $0.40 PER DILUTED SHARE SERIES A PREFERRED STOCK TO BE REDEEMED NEWS RELEASE FOR FURTHER INFORMATION: WEBSITE: www.bnccorp.com TIMOTHY J. FRANZ, CEO TELEPHONE: (612) 305-2213 DANIEL COLLINS, CFO TELEPHONE: (612) 305-2210 BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME

More information

Annual Highlights. Book value per common share increased by 5% during the year to $171.03.

Annual Highlights. Book value per common share increased by 5% during the year to $171.03. The Goldman Sachs Group, Inc. 200 West Street New York, New York 10282 GOLDMAN SACHS REPORTS EARNINGS PER COMMON SHARE OF $12.14 FOR 2015; RMBS WORKING GROUP SETTLEMENT (1) REDUCED EARNINGS PER COMMON

More information

Bank & Financial Institution Modeling Quick Reference Projecting Financial Statements for a Bank. http://breakingintowallstreet.

Bank & Financial Institution Modeling Quick Reference Projecting Financial Statements for a Bank. http://breakingintowallstreet. Commercial Bank Balance Sheet: Assets: + Cash & Deposits with Banks + Federal Funds Sold + Securities and/or Securities Borrowed + Trading Assets + Gross Loans Allowance for Loan Losses = Net Loans + Accrued

More information

GOLDMAN SACHS REPORTS THIRD QUARTER LOSS PER COMMON SHARE OF $0.84

GOLDMAN SACHS REPORTS THIRD QUARTER LOSS PER COMMON SHARE OF $0.84 The Goldman Sachs Group, Inc. 200 West Street New York, New York 10282 GOLDMAN SACHS REPORTS THIRD QUARTER LOSS PER COMMON SHARE OF $0.84 NEW YORK, October 18, 2011 - The Goldman Sachs Group, Inc. (NYSE:

More information

Three Months Ended September 30, 2012. November 6, 2012

Three Months Ended September 30, 2012. November 6, 2012 Q3 2012 Earnings Presentation Three Months Ended September 30, 2012 November 6, 2012 Forward Looking Statements Any statements in this presentation that are not historical or current facts are forward-looking

More information

Report to Shareholders

Report to Shareholders Report to Shareholders Royal Bank of Canada first quarter results All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter

More information

Verifone Reports Results for the Second Quarter of Fiscal 2016

Verifone Reports Results for the Second Quarter of Fiscal 2016 Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results

More information

GOLDMAN SACHS REPORTS FIRST QUARTER EARNINGS PER COMMON SHARE OF $4.02

GOLDMAN SACHS REPORTS FIRST QUARTER EARNINGS PER COMMON SHARE OF $4.02 The Goldman Sachs Group, Inc. 200 West Street New York, New York 10282 GOLDMAN SACHS REPORTS FIRST QUARTER EARNINGS PER COMMON SHARE OF $4.02 NEW YORK, April 17, 2014 - The Goldman Sachs Group, Inc. (NYSE:

More information

JPMorgan Chase & Co. (Exact name of registrant as specified in its charter)

JPMorgan Chase & Co. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the quarterly period ended Commission

More information

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com

Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Contacts: Investor Relations Evan Black & Kristina Carbonneau 800.493.8219 InvestorRelations@santanderconsumerusa.com Media Relations Laurie Kight 214.801.6455 LKight@santanderconsumerusa.com Santander

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549. Form 6-K. CREDIT SUISSE AG (Translation of registrant s name into English)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549. Form 6-K. CREDIT SUISSE AG (Translation of registrant s name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 October 21,

More information

Two Harbors Investment Corp.

Two Harbors Investment Corp. Two Harbors Investment Corp. Third Quarter 2013 Earnings Call November 6, 2013 Safe Harbor Statement Forward-Looking Statements This presentation includes forward-looking statements within the meaning

More information

GOLDMAN SACHS REPORTS EARNINGS PER COMMON SHARE OF $17.07 FOR 2014

GOLDMAN SACHS REPORTS EARNINGS PER COMMON SHARE OF $17.07 FOR 2014 The Goldman Sachs Group, Inc. 200 West Street New York, New York 10282 GOLDMAN SACHS REPORTS EARNINGS PER COMMON SHARE OF $17.07 FOR 2014 FOURTH QUARTER EARNINGS PER COMMON SHARE WERE $4.38 NEW YORK, January

More information

FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003

FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003 News Release FOR IMMEDIATE RELEASE Contact: Alan D. Eskow Senior Executive Vice President and Chief Financial Officer 973-305-4003 VALLEY NATIONAL BANCORP REPORTS HIGHER NET INTEREST INCOME AND MARGIN

More information

American International Group, Inc. Financial Supplement Fourth Quarter 2005

American International Group, Inc. Financial Supplement Fourth Quarter 2005 Financial Supplement Fourth Quarter 2005 This report should be read in conjunction with AIG's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission.

More information

DILUTED EPS $0.67, UP 26% FROM $0.53

DILUTED EPS $0.67, UP 26% FROM $0.53 FOR IMMEDIATE RELEASE CITIGROUP THIRD QUARTER CORE INCOME RISES 27% TO $3.1 BILLION First Nine Months Core Income up 32% to a Record $9.7 Billion Revenues up 15% to $16.8 Billion from $14.6 Billion DILUTED

More information

Positive 4 th quarter solidifies profitable 2010 for Old National

Positive 4 th quarter solidifies profitable 2010 for Old National FOR IMMEDIATE RELEASE January 31, 2011 Contacts: Media: Kathy A. Schoettlin (812) 465-7269 Executive Vice President Communications Financial Community: Lynell J. Walton (812) 464-1366 Senior Vice President

More information

SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE ANNOUNCEMENT

SUB: STANDARD CHARTERED PLC (THE COMPANY) STOCK EXCHANGE ANNOUNCEMENT April 26, 2016 To, Ms. D'souza AVP, Listing Department National Stock Exchange of India Exchange Plaza Bandra Complex Bandra (East) 400 001 Limited SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE

More information

2014 DFAST Mid-Cycle Stress Test Disclosure. September 2014

2014 DFAST Mid-Cycle Stress Test Disclosure. September 2014 2014 DFAST Mid-Cycle Stress Test Disclosure September 2014 Overview In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing regulations issued by the Board of

More information

Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144

Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144 Contact: Charlene Hamrah (Investment Community) (212) 770-7074 Joe Norton (News Media) (212) 770-3144 AIG REPORTS FIRST QUARTER 2006 NET INCOME OF $3.20 BILLION NEW YORK, NY, May 10, 2006 American International

More information

LEHMAN BROTHERS ANNOUNCES PRELIMINARY THIRD QUARTER RESULTS AND STRATEGIC RESTRUCTURING

LEHMAN BROTHERS ANNOUNCES PRELIMINARY THIRD QUARTER RESULTS AND STRATEGIC RESTRUCTURING For Immediate Release Media Contacts: Monique Wise 1-646-333-9056 Investor Contact: Shaun Butler 1-212-526-8381 LEHMAN BROTHERS ANNOUNCES PRELIMINARY THIRD QUARTER RESULTS AND STRATEGIC RESTRUCTURING Comprehensive

More information