Strong Full Year Performance
Net income was up nearly 40% to $12.7 billion, with revenues up 5% ex-divestitures and fee revenue up 17%.
Record Market Performance
Markets were up 6%, with equities up 26%, marking a record year for Citi in a low volatility environment.
Successful Share Repurchase Program
Citi returned almost $7 billion in capital to shareholders in 2024 and announced a $20 billion share repurchase program.
Positive Operating Leverage Across Businesses
All five core businesses generated positive operating leverage for the full year.
Wealth Management Growth
Revenue was up 7% for the year, including fee growth of 18%, with net new investment asset flows growing by 40%.